USA ISM Manufacturing PMI
|Latest Release:||01-12-2014 15:00:00|
|Next Release:||01-10-2013 14:00:00|
|Source:||Institute for Supply Management|
The US manufacturing industry accelerated at a slower pace in September, but overall output remained strong as production levels continued to increase.
The Institute for Supply Managementâs gauge of US manufacturing activity declined to 56.6 from 59. A median estimate of economists called for a slight decrease to 58.5 The US manufacturing industry has been above the 50 mark that separates expansion from contraction for sixteen consecutive months.
A reading above 50 is a general sign of growth in manufacturing activity, whereas a reading below that level signifies contraction.
Manufacturing output eased from the previous monthâs more than three year high, although gains remained broad-based throughout the industry. Fifteen of 18 manufacturing industries advanced in September, led by wood products, primary metals, and apparel, leather and allied products. The three industries to report contraction in September were machinery, plastics and rubber products, and electrical equipment, appliances and components.
Growth in new orders moderated in September, as 12 of 18 industries reported growth. The new orders sub-index fell 6.7 percentage points to 60, ISM data showed.
Production levels remained elevated, increasingly slightly over the previous month as 15 industries reported gains. The production index edged up 0.1 percentage point to 64.6.
Higher production levels resulted in another month of job creation, albeit at a slower rate than...
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