{"id":13091,"date":"2019-03-04T10:00:08","date_gmt":"2019-03-04T16:00:08","guid":{"rendered":"https:\/\/www.miq.com\/?p=13091"},"modified":"2019-03-04T10:00:08","modified_gmt":"2019-03-04T16:00:08","slug":"february-2019-manufacturing-ism-report-on-business","status":"publish","type":"post","link":"https:\/\/www.noatumlogistics.com\/us\/february-2019-manufacturing-ism-report-on-business\/","title":{"rendered":"February 2019 Manufacturing ISM\u00ae Report On Business\u00ae"},"content":{"rendered":"

Source: Institute for Supply Management – March 1, 2019<\/a><\/p>\n

Economic activity in the\u00a0manufacturing sector<\/strong>\u00a0expanded in February, and the overall economy grew for the 118th consecutive month, say the nation\u2019s supply executives in the latest\u00a0Manufacturing ISM<\/strong>\u00ae<\/sup>\u00a0Report On Business<\/strong>\u00ae<\/sup>.<\/strong><\/p>\n

\"Manufacturing<\/p>\n

The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management\u00ae<\/sup>\u00a0(ISM\u00ae<\/sup>) Manufacturing Business Survey Committee: \u201cThe February PMI\u00ae<\/sup>\u00a0registered 54.2 percent, a decrease of 2.4 percentage points from the January reading of 56.6 percent. The New Orders Index registered 55.5 percent, a decrease of 2.7 percentage points from the January reading of 58.2 percent. The Production Index registered 54.8 percent, 5.7-percentage point decrease compared to the January reading of 60.5 percent. The Employment Index registered 52.3 percent, a decrease of 3.2 percentage points from the January reading of 55.5 percent. The Supplier Deliveries Index registered 54.9 percent, a 1.3 percentage point decrease from the January reading of 56.2 percent. The Inventories Index registered 53.4 percent, an increase of 0.6 percentage point from the January reading of 52.8 percent. The Prices Index registered 49.4 percent, a 0.2-percentage point decrease from the January reading of 49.6 percent, indicating lower raw materials prices for the second straight month after nearly three years of increases.<\/p>\n

\u201cComments from the panel reflect continued expanding business strength, supported by notable demand and output, although both were softer than the prior month.\u00a0Demand<\/strong>\u00a0expansion continued, with the New Orders Index reaching the mid-50s, the Customers\u2019 Inventories Index scoring lower and remaining too low, and the Backlog of Orders returning to a low-50s expansion level.\u00a0Consumption<\/strong>\u00a0(production and employment) continued to expand but fell a combined 8.9 points from the previous month\u2019s levels.\u00a0Inputs<\/strong>\u00a0\u2014 expressed as supplier deliveries, inventories and imports \u2014 stabilized at a mid-50s level and had a slight negative impact on the PMI\u00ae<\/sup>. Inputs continue to reflect an easing business environment, confirmed by Prices Index contraction.<\/p>\n

\u201cExports continue to expand, at slightly stronger rates compared to January. The manufacturing sector continues to expand, but inputs and prices indicate easing of supply chain constraints,\u201d says Fiore.<\/p>\n

Of the 18 manufacturing industries, 16 reported growth in February, in the following order: Printing & Related Support Activities; Textile Mills; Computer & Electronic Products; Electrical Equipment, Appliances & Components; Fabricated Metal Products; Paper Products; Wood Products; Primary Metals; Chemical Products; Food, Beverage & Tobacco Products; Miscellaneous Manufacturing; Petroleum & Coal Products; Transportation Equipment; Machinery; Furniture & Related Products; and Plastics & Rubber Products. The only industry reporting contraction in February is Nonmetallic Mineral Products.<\/p>\n

Click\u00a0here\u00a0<\/strong><\/a>to access the entire release from the Institute for Supply Management website.<\/p>\n","protected":false},"excerpt":{"rendered":"

Source: Institute for Supply Management – March 1, 2019 Economic activity in the\u00a0manufacturing sector\u00a0expanded in February, and the overall economy grew for the 118th consecutive month, say the nation\u2019s supply…<\/p>\n","protected":false},"author":9,"featured_media":13093,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[359],"tags":[],"class_list":["post-13091","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economic-news"],"yoast_head":"\nFebruary 2019 Manufacturing ISM\u00ae Report On Business\u00ae - USA<\/title>\n<meta name=\"description\" content=\"ISM, Institute for Supply Management, Report on Business, Timothy R Fiore, economic activity, manufacturing sector, new orders, PMI, demand, exports, imports\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.noatumlogistics.com\/us\/february-2019-manufacturing-ism-report-on-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"February 2019 Manufacturing ISM\u00ae Report On Business\u00ae - 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