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The Manufacturing ISM Report On Business is published monthly by the Institute for Supply Management (ISM), the largest supply management organization in the world, as well as one of the most respected. Economic activity in the manufacturing sector expanded in December, and the overall economy grew for the 91st consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business.
Manufacturing expanded in December as the PMI registered 54.7 percent, an increase of 1.5 percentage points from the November reading of 53.2 percent, indicating growth in manufacturing for the fourth consecutive month and a new high reading for the year.
ISM’s New Orders Index registered 60.2 percent in December, which is an increase of 7.2 percentage points when compared to the 53 percent reported for November, indicating growth in new orders for the fourth consecutive month and a new high reading for the year.
ISM’s Production Index registered 60.3 percent in December, which is an increase of 4.3 percentage points when compared to the 56 percent reported for November, indicating growth in production for the fourth consecutive month and a new high reading for the year.
ISM’s Employment Index registered 53.1 percent in December, an increase of 0.8 percentage point when compared to the November reading of 52.3 percent, indicating growth in employment in December for the third consecutive month and a new high reading for the year.
The delivery performance of suppliers to manufacturing organizations was slower in December as the Supplier Deliveries Index registered 52.9 percent, which is 2.8 percentage points lower than the 55.7 percent reported for November.
The Inventories Index registered 47 percent in December, which is a decrease of 2 percentage points when compared to the 49 percent reported for November, indicating raw materials inventories are contracting in December for the 18th consecutive month.
ISM’s Backlog of Orders Index registered 49 percent in December, the same reading as reported for November, indicating contraction in order backlogs for the sixth consecutive month. Of the 88 percent of respondents who reported their backlog of orders, 21 percent reported greater backlogs, 23 percent reported smaller backlogs, and 56 percent reported no change from November.
Of the 18 manufacturing industries, 11 are reporting growth in December in the following order: Petroleum & Coal Products; Primary Metals; Miscellaneous Manufacturing; Food, Beverage & Tobacco Products; Apparel, Leather & Allied Products; Paper Products; Machinery; Electrical Equipment, Appliances & Components; Computer & Electronic Products; Fabricated Metal Products; and Chemical Products. The six industries reporting contraction in December — listed in order — are: Plastics & Rubber Products; Furniture & Related Products; Printing & Related Support Activities; Textile Mills; Nonmetallic Mineral Products; and Transportation Equipment.
Keywords: Automation, Manufacturing, Process Industries, Discrete Industries, Supply Management, PMI, ISM, ARC Advisory Group.