October Manufacturing ISM Report On Business®; PMI at 50.8%; New Orders, Production and Employment Growing; Supplier Deliveries Slowing; Inventories Contracting

Production

ISM’s Production Index registered 50.1 percent in October, which is a decrease of 1.1 percentage points when compared to the September reading of 51.2 percent, and indicates growth for the second consecutive month. An index above 51 percent, over time, is generally consistent with an increase in the Federal Reserve Board’s Industrial Production figures.

The eight industries reporting growth in production during the month of October — listed in order — are: Wood Products; Primary Metals; Nonmetallic Mineral Products; Food, Beverage & Tobacco Products; Fabricated Metal Products; Paper Products; Computer & Electronic Products; and Miscellaneous Manufacturing. The nine industries reporting a decrease in production in October — listed in order — are: Plastics & Rubber Products; Textile Mills; Furniture & Related Products; Printing & Related Support Activities; Electrical Equipment, Appliances & Components; Chemical Products; Transportation Equipment; Machinery; and Apparel, Leather & Allied Products.

Production           %Better         %Same         %Worse         Net        

Index

 
Oct 2011 21 59 20 +1 50.1
Sep 2011 23 56 21 +2 51.2
Aug 2011 19 62 19 0 48.6
Jul 2011 22 60 18 +4 52.3

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