Index PMI™
New Orders Production Employment
Supplier Deliveries Inventories
Prices
Series Index Oct
Series Index Sep
56.4 56.2 60.6 60.5 60.8 62.6 53.2 55.4 54.7 52.6 52.5 50.0
Customers’ Inventories 47.0 43.0 55.5 56.5 51.5 49.5 57.0 52.0 55.5 55.0
Backlog of Orders Exports Imports
Percentage Point Change
+0.2 +0.1 -1.8 -2.2 +2.1 +2.5 +4.0 -1.0 +2.0 +5.0 +0.5
OVERALL ECONOMY Manufacturing Sector
Longer-Term Direction
Growing Growing Growing Growing Slowing Growing Too Low
Increasing Growing Growing Growing Growing Growing
Imports (55.5%). The only index showing contraction was Customers’ Inventories (47%).
Of the 18 manufacturing industries tracked, all but four reported growth. Bradley J. Holcomb, chair of the Institute for Supply Management Manufacturing Business Survey Commit- tee, reported that the panel’s comments “are generally posi- tive about the current business climate; however, there are mixed responses on whether the government shutdown and potential default have had any effect on October’s results.” More details at
http://tinyurl.com/octmfgism. ME
More Data Supports Claims of Workforce Shortage
T
he Society for Human Resources Management (Alexandria, VA) on Oct. 22 reported that it is growing more challeng- ing to recruit employees to specific manufacturing jobs. SHRM’s survey of 3400 randomly selected members in eight industries, found that 66% of all organizations are experiencing difficulty recruiting for specific job openings, compared to 52% the prior year. But the problem was most severe in the high-tech, manufacturing, construction, mining, and oil and gas industries.
In manufacturing, it found that 79% of organizations cur- rently hiring full-time staff indicated recruitment difficulties, an increase from 68% the prior year. It also found that hiring veterans is becoming more popular, with 60% of manufac-
December 2013 |
ManufacturingEngineeringMedia.com 19
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Source: Institute for Supply Management
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