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Latest ISM Report: Manufacturing Contracts, Hits 4-Year Low in May


Economic activity in the manufacturing sector con-


tracted in May for the first time since November 2012, and the overall economy grew for the 48th consecutive month, according to the Manufacturing ISM Report on Business, which was released June 1 and surveys the nation’s top supply executives. The PMI registered 49%, a decline of 1.7 percentage


points from April’s reading of 50.7%. Readings below 50 indicate contraction, while those above 50 indicate expan- sion. The May reading was the lowest level since June 2009, when it registered 45.8%. Overall, the ISM report for May was largely down. Aside


from the PMI, seven of the 10 indices showed contraction, including new orders, production, supplier deliveries, inven- tories, customers’ inventories, prices and backlog of orders.


PMI™


New Orders Production Employment


Supplier Deliveries Inventories


Prices Index


Series Index May


Series Index Apr


49.0 50.7 48.8 52.3 48.6 53.5 50.1 50.2 48.7 50.9 49.0 46.5


Customers’ Inventories 46.0 44.5 49.5 50.0 48.0 53.0 51.0 54.0 54.5 55.0


Backlog of Orders Exports Imports


Percentage Point Change


-1.7 -3.5 -4.9 -0.1 -2.2 +2.5 +1.5 -0.5 -5.0 -3.0 -0.5


OVERALL ECONOMY Manufacturing Sector


Longer-Term Direction


Contracting Contracting Contracting Growing Faster


Contracting Too Low


Decreasing Contracting Growing Growing Growing


Contracting


20 ManufacturingEngineeringMedia.com | July 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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