US Factory Activity Shrinks for 4th Month: ISM


The Institute for Supply Management’s Manufacturing PMI came in at 48.2 in January of 2016 compared to 48 in December. While employment and inventories subindexes declined, new orders and production grew at a faster pace and prices remained steady.

The New Orders Index registered 51.5 percent, an increase of 2.7 percentage points from the seasonally adjusted reading of 48.8 percent in December. 

The Production Index registered 50.2 percent, 0.3 percentage point higher than the seasonally adjusted December reading of 49.9 percent. 

The Employment Index registered 45.9 percent, 2.1 percentage points below the seasonally adjusted December reading of 48 percent. 

Inventories of raw materials registered 43.5 percent, the same reading as in December. 

The Prices Index registered 33.5 percent, the same reading as in December, indicating lower raw materials prices for the 15th consecutive month. 

Of the 18 manufacturing industries, eight are reporting growth in January in the following order: Textile Mills; Wood Products; Miscellaneous Manufacturing; Printing & Related Support Activities; Furniture & Related Products; Computer & Electronic Products; Machinery; and Electrical Equipment, Appliances & Components. The 10 industries reporting contraction in January — listed in order — are: Apparel, Leather & Allied Products; Nonmetallic Mineral Products; Petroleum & Coal Products; Paper Products; Transportation Equipment; Plastics & Rubber Products; Fabricated Metal Products; Food, Beverage & Tobacco Products; Primary Metals; and Chemical Products.

US Factory Activity Shrinks for 4th Month: ISM


ISM | Joana Taborda | joana.taborda@tradingeconomics.com
2/1/2016 3:33:44 PM