ISM reports strong manufacturing output for month of August
August manufacturing activity picked up where July left off, according to the most recent edition of the Manufacturing Report on Business from the Institute of Supply Management.
August manufacturing activity picked up where July left off, according to the most recent edition of the Manufacturing Report on Business from the Institute of Supply Management (ISM).
The PMI, the index used by the ISM to measure manufacturing activity, came in at 55.7 in August, representing a 0.3 percent increase over July and now stands as the highest PMI level since June 2011’s 55.8. What’s more the August PMI is ahead of the 12-month average of 52.0 by 3.7 percent and has been over 50 in eight of the last nine months.
According to the report, overall economic activity has grown for 51 straight months, and prior to contraction in June 2012 economic activity in the manufacturing sector saw growth for 34 straight months.
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About the AuthorJeff Berman, Group News Editor Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. Contact Jeff Berman
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