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

Intermodal units, at 278,767 containers and trailers were up 6.7 percent compared to the same week last year and marks the third best week for intermodal ever recorded based on AAR’s data.

LM Group News Editor Jeff Berman recently conducted a wide-ranging interview with Bobby Harris, President and CEO of non asset-based 3PL BlueGrace Logistics about various aspects of the freight transportation market.

It’s small, but senior brass at YRC Worldwide will take it. After nearly seven years of continuing losses in excess of $2.6 billion, the parent of the nation’s second-largest LTL carrier posted a narrow net profit in the third quarter ended Sept. 30.

As was the case for the second quarter, third quarter earnings results for publicly-traded less-than-truckload (LTL) carriers are again strong. Signs of solid earnings results from carriers that have posted earnings to date include tonnage increases, gains in weight per shipment and average daily shipments, higher yield, and revenue per hundredweight.

While the holiday season is known to bring good tidings and cheer to all, it may also come with another thing that is not so pleasant: higher rate freights. That was the thesis of a commentary written by Mark Montague, industry pricing analyst and chief market-watcher for DAT, a Portland, Ore.-based subsidiary of TransCore.

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