Subscribe to our free, weekly email newsletter!


ISM issues positive report on U.S. manufacturing

Economic activity in the manufacturing sector expanded in April for the 33rd consecutive month, as the overall economy grew for the 35th consecutive month
By Patrick Burnson, Executive Editor
May 01, 2012

Economic activity in the manufacturing sector expanded in April for the 33rd consecutive month, as the overall economy grew for the 35th consecutive month.

According to the latest monthly report issued by the Institute of Supply Management (ISM), the Manufacturing ISM Report On Business is based on data provided monthly by purchasing executives at over 350 industrial companies. It reflects changes in the current month compared with the previous month. Responses are raw data.

“The PMI registered 54.8 percent, an increase of 1.4 percentage points from March’s reading of 53.4 percent, indicating expansion in the manufacturing sector for the 33rd consecutive month,” said Bradley J. Holcomb, CPSM, CPSD, chair of the Institute for Supply Management.

In an interview with LM, Holcomb added that next’s week’s semiannual report will provide more of a forecast.

“We suspect that supply chain managers will continue to employ lean strategies to remain nimble and responsive to demand cycles,” he said.

Sixteen of the 18 industries reflected overall growth in April, and the New Orders, Production and Employment Indexes all increased, indicating growth at faster rates than in March. The Prices Index for raw materials remained at 61 percent in April, the same rate as reported in March.

Comments from the panel generally indicate stable to strong demand, with some concerns cited over increasing oil prices and “European stability.”

About the Author

image
Patrick Burnson
Executive Editor

Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at .(JavaScript must be enabled to view this email address).


Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

When railroads are doing business with a larger than large customer like UPS, it stands to reason, it can often be the best, and worst, of both worlds, depending on how things are going. That was one of the main takeaways from a presentation by UPS Vice President of Corporate Transportation Services Ken Buenker at this year’s RailTrends conference in New York.

While many market conditions are working against shippers, the most recent edition of the Shippers Condition Index (SCI) from freight transportation consultancy FTR shows that things may be improving, albeit slowly.

Newsroom Notes takes a look at some of the biggest stories and themes in logistics for 2014.

Even though China’s costs have risen and the U.S. has now surpassed Mexico as the preferred locale for relocating offshored manufacturing, advantages can be fleeting and the challenges great

Memphis-based FedEx reported solid fiscal second quarter earnings results today. Quarterly net income of $616 million was up 23 percent annually, and revenue, at $11.9 billion, was up 5 percent. Operating income at $1.01 billion was up 22 percent.

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA