The Empire State Manufacturing Index business conditions held steady for New York manufacturers in October. The general business index fell 5 points to 1.5 but remained in growth status. The new orders index rose 5 points while shipping fell 3 points, suggesting modest increases for both indexes for the month. New York manufacturers continued to […]
The ISM Manufacturing Index surprised economists with a PMI reading of 56.4 in October—the highest level in 2013. Expectations were for the index to fall to 55 this month but instead the PMI increased 0.2 percentage points from September’s reading of 56.2. The indexes for new orders, production, inventories and employment all indicated growth. Of […]
A decline in business activity is forecast for the next three months by metalforming companies participating in the October Precision Metalforming Association (PMA) Business Conditions Report. Survey participants also expect incoming orders to decline over the next three months. The forecast was similar to September’s predictions but PMA President William E. Gaskin indicated the pessimism […]
An explanation of the Key Indicators concept is given at the end of this piece for those readers who are unfamiliar with it. The total number of indicators considered at present is thirty six. The present situation of eleven of the indicators based on historical standards was positive on September 22nd and thirteen were negative; […]
ISM Manufacturing Index (PMI) Expands for 3rd Consecutive Month Tempe, Arizona) — Economic activity in the manufacturing sector expanded in August for the third consecutive month, and the overall economy grew for the 51st consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business. The report was issued today by […]
Industrial production and manufacturing capacity utilization for July 2013 – Both these data points are reported in the Federal Reserve G17 data base. The IP index was reported as 98.95 for July, up from 98.91 in June this was 1.8 percent below the peak of September 2007. Manufacturing is still making progress. The three month […]
Written by: Sandy Williams Metal forming companies are expecting a spike in business conditions in the next three months according to survey data released Wednesday by the Precision Metalforming Association (PMA). Survey data shows 32 percent of participants are expecting conditions to get better in the next three months (up from 22 percent in December) […]