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December ISM PMI Positive Bellwether for 2017
The December ISM PMI and the U. S. Light Vehicle Sales Numbers for 2016 bode well for our precision machining shops in 2017.
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Precision Machining Indications from September ISM Report
Manufacturing continued its growth in September as the PMI registered 51.6 percent, an increase of 1 percentage point when compared to August’s reading of 50.6 percent. It may not feel like Christmas, but only two of the above ten indicators ( Customers Inventories and Employment) were negative for Fab Metals and Precision Machining.
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Manufacturing Growth Not Just A Wish
ISM’s report of manufacturing’s expansion for the fourth , and economic expansion for seventh month in a row, combined with PMPA’s Business Trends Index improvement for 5 consecutive months, confirm that we are in a recovery phase, rather than the free fall we just survived.
What should we be doing differently as we recover, compared to what we needed to do while we were free falling?