June manufacturing index is down slightly, reports ISM

The NMI, the ISM’s index to measure growth, dropped 0.1 percent to 55.3 in June

By ·

Even with a miniscule sequential decline in its key metric, manufacturing still showed growth in June, according to the June edition of the Manufacturing Report on Business from the Institute for Supply Management (ISM).

The NMI, the ISM’s index to measure growth, dropped 0.1 percent to 55.3 in June (a PMI of 50 or greater represents growth). This is 0.2 percent above the 12-month average of 55.1. The PMI has grown in 17 of the last 19 months, with economic activity in the manufacturing sector expanding for the last 13 months as the overall economy was up for the 61st consecutive month.

Including the PMI, two of the report’s four key metrics were down and two were up in June. Production dropped 1.0 percent to 60.0, and new orders, often known as the engine driving manufacturing, rose 2.0 percent to 60.0 and showed growth for the 13rd straight month. Employment was flat at 52.8 while showing growth for the 12th straight month.

To read the complete story, please click here.


About the Author

Jeff 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

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!

Article Topics

ISM · Manufacturing · All Topics
Latest Whitepaper
Unlock the Value of Your Supply Chain Through Embedded Analytics
Learn how embedded analytics can provide deeper supply chain intelligence and help you extract maximum value from data for your supply chain operations
Download Today!
From the May 2017 Issue
Everyone is talking about terms like digitization, Industry 4.0 and digital supply chain management, but what sort of technologies fall under these broad terms, and how will they change the management capabilities at our disposal? To find out, we talked to some noted supply chain analysts, consultants and technology executives and gathered six digital trends to watch.
Transportation Trends and Best Practices: The Battle for the Last Mile
2017 Technology Roundtable: Are we closer to “Intelligent” Logistics?
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
Going Beyond Rate Negotiations for Logistics Cost Savings
The pressure to reduce cost is a fundamental part of every organization today leaving many supply chain professionals constantly renegotiating rates. This webcast examines four areas that may hold untapped savings potentials and even help organizations negotiate better rates.
Register Today!
EDITORS' PICKS
The Evolution of the Digital Supply Chain
Everyone is talking about terms like digitization, Industry 4.0 and digital supply chain management,...
2017 Salary Survey: Fresh Voices Express Optimism
Our “33rd Annual Salary Survey” reflects more diversity entering the logistics management...

LM Exclusive: Major Modes Join E-commerce Mix
While last mile carriers receive much of the attention, the traditional modal heavyweights are in...
ASEAN Logistics: Building Collectively
While most of the world withdraws inward, Southeast Asia is practicing effective cooperation between...