US Factory Activity Growth Slows for 2nd Month: ISM


The Institute for Supply Management’s Manufacturing PMI in the US fell to 58.2 in November of 2017 from 58.7 in October and below market expectations of 58.4. The reading pointed to the second consecutive month of slowing growth in factory activity after reaching a 13-year high of 60.8 in September. Employment and export orders eased and inventories contracted more.

A slowdown was recorded for employment (59.7 from 59.8), supplier deliveries (56.5 from 61.4) and new export orders (56 from 56.5) while inventories shrank more (47 from 48). On the other hand, faster increases were seen for new orders (64 from 63.4) and production (63.9 from 61); backlogs of orders were flat (at 55) and price pressures eased (65.5 from 68.5).

Of the 18 manufacturing industries, 14 reported growth in November, in the following order: Paper Products; Machinery; Transportation Equipment; Computer & Electronic Products; Nonmetallic Mineral Products; Plastics & Rubber Products; Printing & Related Support Activities; Food, Beverage & Tobacco Products; Electrical Equipment, Appliances & Components; Chemical Products; Furniture & Related Products; Fabricated Metal Products; Miscellaneous Manufacturing; and Primary Metals. Two industries reported contraction during the period: Wood Products; and Petroleum & Coal Products.

US Factory Activity Growth Slows for 2nd Month: ISM


ISM | Joana Taborda | joana.taborda@tradingeconomics.com
12/1/2017 3:10:58 PM