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Manufacturing On the Increase

Good news from the U.S. manufacturing sector: the monthly Purchasing Managers Index (PMI) showed a 1.2% increase in December from November.  The Institute of Supply Management issues this report monthly and is full of good data and comments.  Here are some of them:

WHAT RESPONDENTS ARE SAYING …

  • “Many Chinese sources are coming to us with cost reductions to maintain their current business volumes.” (Machinery)
  • “Saw some stronger than expected demand in October and November, but December demand is weak comparatively.” (Food, Beverage & Tobacco Products)
  • “We are seeing stabilization of orders and costs as well as production capacity for the first time in months.” (Miscellaneous Manufacturing)
  • “We are experiencing a mix of results — domestic up year over year for industrial business, down in retail and down in LATAM, EU and Asia. Next year is anyone’s guess — has never been so unpredictable.” (Apparel, Leather & Allied Products)
  • “Black Friday was good, but forward economic visibility is foggy.” (Computer & Electronic Products)
  • “The election is over; unemployment is dropping; consumer confidence is increasing as are home sales prices. We seem to be turning the corner. New car sales are increasing, which affects our customers.” (Fabricated Metal Products)
  • “Business conditions have flattened out since last month. Overall production has leveled off from their previous reduction last month.” (Transportation Equipment)
  • “Business is strengthening.” (Furniture & Related Products)
  • “Prices and orders are staying stronger than normal for December — a pleasant surprise.” (Wood Products)
  • “Uncertainty in additional government regulations and tax climate seems to be slowing orders.” (Chemical Products)

 

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