NewsDesk


adopt new approaches to boost competitiveness, too: “A key policy priority for manufacturing is education and skill development.”ME


PMI™ Economic Outlook H


urricane Sandy, which devastated parts of the Mid-Atlan- tic and Northeastern US, in addition to the Caribbean, in


late October, was just one factor that took a bite out of the US economy in November. The distraction of a US presidential election, which immediately led to a partisan debate over how to avert the looming “fiscal cliff” also has taken a toll. The Institute for Supply Management (IMS; Tempe, AZ) on


Dec. 3 reported that economic activity in the manufacturing sector contracted in November following two months of modest expansion after a summer slowdown. The findings were based on the monthly Manufacturing ISM Report on Business. The report also found that the overall economy grew for the 42nd


New Orders Production Employment


Supplier Deliveries Inventories


Prices Index


Series Index Nov


Series Index Oct


49.5 51.7 50.3 54.2 53.7 52.4 48.4 52.1 50.3 49.6 45.0 50.0


Customers’ Inventories 42.5 49.0 52.5 55.0 41.0 41.5 47.0 48.0 48.0 47.5


Backlog of Orders Exports Imports


Percentage Point Change


-2.2 -3.9 +1.3 -3.7 +0.7 -5.0 -6.5 -2.5 -0.5 -1.0 +0.5


OVERALL ECONOMY Manufacturing Sector


Direction


Contracting Growing Growing


Contracting Slowing


Contracting Too Low


Increasing Contracting Contracting Contracting Growing


Contracting


18 ManufacturingEngineeringMedia.com | January 2013 COLORS JOB# PROOF SIZE


FIL E NAME


OK as is OK with changes Supply new proof with changes


Source: Institute for Supply Management


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