The January 2016 ISM Manufacturing Survey is yet month of awful. Manufacturing is in a 4th month of contraction. This time is a smidgen better than December. PMI was 48.2%, 0.2 percentage points higher than the previous revised month. New orders did come out of contraction, but barely, while employment continued to plunge. Only eight sectors showed any growth according to the survey.
The December ISM Manufacturing Survey is yet another awful month. Manufacturing is in a second month of contraction and this time slightly deeper than November. PMI was 48.2%, -0.4 percentage points lower than the previous month. New orders is still in contraction and employment plunged and went into contraction. Only six sectors showed any growth according to the survey.
The November ISM Manufacturing Survey is truly awful. It shows the manufacturing sector has just gone into contraction. This is after months of warning as growth stuttered. PMI was 48.6%.
The September ISM Manufacturing Survey shows yet more deceleration of the manufacturing sector. While a PMI of 50.2% is still growth, it is barely growth. The composite PMI decreased by -0.9 percentage points and new orders decreased by -1.6 percentage points. Order backlogs truly imploded.
The August ISM Manufacturing Survey shows more deceleration of the manufacturing sector. While a PMI of 51.1% is still growth, the decline in new orders is disconcerting. The composite PMI decreased by -1.6 percentage points and new orders decreased by -4.8 percentage points. Overall the report really shows a weakening manufacturing sector.
The July 2015 ISM Non-manufacturing report shows a services sector growth blowout. The overall index increased by +4.3 percentage points, to 50.3%, a record high. The NMI is also referred to as the services index. New orders increased by 3.4 percentage points. Employment also had a blowout with a 6.9 percentage point increase.
The May ISM Manufacturing Survey shows a slight improvement from last month, yet nothing to write home about. The composite PMI increased by 0.7 percentage points to 53.5%. Manufacturing employment accelerated and order backlogs dropped. Prices for manufacturers didn't change for the month.
The May ISM Manufacturing Survey shows nothing in manufacturing is shrinking again. The composite PMI grew to a now safe 52.8% after a 1.3 percentage point increase. Manufacturing employment came out of contraction as did inventories. Exports move to no change. Prices are still decreasing but not by much anymore. Overall the report is a relief that things are not so bad.
The April ISM Manufacturing Survey PMI had no change from March and is still a barely breathing growth of 51.5%. Manufacturing employment went into contraction as did inventories. Exports improved as did new orders and production. The worse news of the ISM manufacturing report is employment.
The March ISM Manufacturing Survey shows manufacturing is barely breathing growth as a monthly -1.4 percentage point decline put PMI near the contraction edge. PMI is now 51.5% and if the index falls below 50%...that's contraction. The reason for the slide was supplier deliveries, which were more streamlined indicating less to ship and slower manufacturing hiring.
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