NEWS DESK Index In the past 12 months, US manufacturing employment


increased by 171,000 jobs, primarily in durable goods, ac- cording to the bureau.


Manufacturing Growth Continues at Slower Pace


E


conomy activity in the manufacturing sector rose in Novem- ber for the 18th consecutive month, and the US economy also expanded for the 66th straight month, according to the Manufacturing ISM Report on Business released on Dec. 1. The report from the Tempe, AZ-based Institute for Supply Management is based on a survey of purchasing and supply executives, and readings below 50 indicate contraction, while those above 50 indicate expansion. The November PMI was not as robust as the October level. The November PMI was 58.7%, down from 59% in October. The institute said 14 of 18 manufacturing industries reported growth in November, including food, beverage and


PMI™


New Orders Production Employment


Supplier Deliveries Inventories


Prices


Series Index Nov


Series Index Oct


58.7 59.0 66.0 65.8 64.4 64.8 54.9 55.5 56.8 56.2 51.5 52.5


Customers’ Inventories 50.0 48.0 44.5 53.5 55.0 53.0 55.0 51.5 56.0 54.5


Backlog of Orders Exports Imports


Percentage Point


Change


-0.3 +0.2 -0.4 -0.6 +0.6 -1.0 +2.0 -9.0 +2.0 +3.5 +1.5


OVERALL ECONOMY Manufacturing Sector


Longer-Term Direction


Growing Growing Growing Growing Slowing Growing


About Right Decreasing Growing Growing Growing Growing Growing


tobacco products; miscellaneous manufacturing; furniture and related products; fabricated metals; textile mills; machin- ery; and transportation equipment.


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ABSOLUTE PORTABILITY ACCURACY 


THE NEW LEICA ABSOLUTE TRACKER AT960 Visit www.HexMet.us/AT960me or call 800.274.9433 to learn more.


22 AdvancedManufacturing.org | January 2015


Source: Institute for Supply Management


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