US Manufacturing Growth at 2-Year Low

The Institute for Supply Management index of national factory activity slowed for the second straight month to 51.1 in August from 52.7 in July. It is the lowest figure since May of 2013 as all subindexes decreased.
ISM | Joana Taborda | joana.taborda@tradingeconomics.com 9/1/2015 3:15:16 PM
The New Orders Index registered 51.7 percent, a decrease of 4.8 percentage points from the reading of 56.5 percent in July. 

The Production Index registered 53.6 percent, 2.4 percentage points below the July reading of 56 percent. 

The Employment Index registered 51.2 percent, 1.5 percentage points below the July reading of 52.7 percent. 

Inventories of raw materials registered 48.5 percent, a decrease of 1 percentage point from the July reading of 49.5 percent. 

The Prices Index registered 39 percent, down 5 percentage points from the July reading of 44 percent, indicating lower raw materials prices for the 10th consecutive month. 

The New Export Orders Index registered 46.5 percent, down 1.5 percentage points from the July reading of 48 percent.

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

US Manufacturing Growth at 2-Year Low