NewsDesk Deals, Openings, Acquisitions, Partnerships, Orders, Expansions, Awards Manufacturing Returns to Growth A PMI™
New Orders Production Employment
Supplier Deliveries Inventories
Prices
fter hitting its lowest level in four years in May, the manufacturing industry bounced back in June, sur- passing analysts’ forecasts.
The PMI registered 50.9% in June following May’s reading of 49%, according to the Manufacturing ISM Report on Busi- ness. The report was released July 1 and surveys the nation’s top supply executives. Readings below 50 indicate contrac- tion, while those above 50 indicate expansion. The PMI reading had been causing some concern as the level of growth had been slowing down in recent months. After stronger readings of 53.1% in January and 54.2% in Febru- ary, the PMI slowed to 51.3% in March and 50.7% in April before hitting the low in May.
Index
Series Index Jun
Series Index May
50.9 49.0 51.9 48.8 53.4 48.6 48.7 50.1 50.0 48.7 50.5 49.0
Customers’ Inventories 45.0 46.0 52.5 49.5 46.5 48.0 54.5 51.0 56.0 54.5
Backlog of Orders Exports Imports
Percentage Point Change
+1.9 +3.1 +4.8 -1.4 +1.3 +1.5 -1.0 +3.0 -1.5 +3.5 +1.5
OVERALL ECONOMY Manufacturing Sector
Longer-Term Direction
Growing Growing Growing
Contracting Unchanged Growing Too Low
Increasing Contracting Growing Growing Growing Growing
Despite the bounce in manufacturing, the gauge of employment fell to 48.7%, the lowest level since September 2009, from 50.1% in May. Throughout it all, however, the overall economy contin-
ued expanding. In June, the economy grew for the 49th consecutive month, according to the Manufacturing ISM Report on Business.
“Despite lingering concerns about the economy and
uncertainty over a variety of government policies and struggling worldwide markets, mid-sized industrial firms appear poised to make the investments they need to make in order to grow,” Steve Menaker, Assurance Partner, McGladrey LLP wrote in a recent Viewpoints column on
www.MfgEngMedia.com.
“When asked about their investment priorities for the next 12 months, 79% of respondents said they planned to increase spending on information technology (IT)—more than any other category of investment.”
His firm’s annual Manufacturing & Distribution Monitor
takes an in-depth look at middle market companies in the industrial sector through the eyes of their executives. “As the industrial sector looks to the future with op-
timism about revenue and income growth, technology is proving to be a high priority for companies as they begin to increase investment in key areas. When asked about their investment priorities for the next 12 months, 79% of respondents said they planned to increase spending on information technology (IT)—more than any other category of investment.” For more, visit
http://tinyurl.com/June2013ISMReport.
Manufacturing Technology Orders up 13.6% in Latest AMT Report
M
ay US manufacturing technology orders totaled $430.06 million, according to AMT, the Association
for Manufacturing Technology. This total, as reported by companies participating in the USMTO program, was up 13.6% from April but down 7.6% compared with the same month a year ago. With a year-to-date total of $2,085.14
August 2013 |
ManufacturingEngineeringMedia.com 21
Source: Institute for Supply Management
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