US ISM Manufacturing PMI at 5-Month High


The Institute for Supply Management’s Manufacturing PMI came in at 49.5 in February of 2016, higher than 48.2 in January and above market expectations of 48.5. Manufacturing activity shrank for the fifth consecutive month although at a slower pace as production, employment and prices all increased.

The New Orders Index registered 51.5 percent, the same reading as in January. 

The Production Index registered 52.8 percent, 2.6 percentage points higher than the January reading of 50.2 percent. 

The Employment Index registered 48.5 percent, 2.6 percentage points above the January reading of 45.9 percent. Inventories of raw materials registered 45 percent, an increase of 1.5 percentage points above the January reading of 43.5 percent. 

The Prices Index registered 38.5 percent, an increase of 5 percentage points above the January reading of 33.5 percent, indicating lower raw materials prices for the 16th consecutive month. 

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

US ISM Manufacturing PMI at 5-Month High


ISM | Joana Taborda | joana.taborda@tradingeconomics.com
3/1/2016 3:11:46 PM