{"id":15948,"date":"2019-12-03T16:17:38","date_gmt":"2019-12-03T22:17:38","guid":{"rendered":"https:\/\/www.miq.com\/?p=15948"},"modified":"2019-12-03T16:17:38","modified_gmt":"2019-12-03T22:17:38","slug":"november-2019-manufacturing-ism-report-on-business","status":"publish","type":"post","link":"https:\/\/www.noatumlogistics.com\/us\/november-2019-manufacturing-ism-report-on-business\/","title":{"rendered":"November 2019 Manufacturing ISM\u00ae Report On Business\u00ae"},"content":{"rendered":"<p><strong>Source:\u00a0<\/strong><a href=\"https:\/\/www.instituteforsupplymanagement.org\/about\/MediaRoom\/newsreleasedetail.cfm?ItemNumber=31160&amp;SSO=1\"><strong>Institute for Supply Management \u2013 <\/strong><strong>December 2<\/strong><strong>, 2019 Release<\/strong><\/a><\/p>\n<p>Economic activity in the\u00a0manufacturing sector\u00a0contracted in November, and the\u00a0overall economy\u00a0grew for the 127th consecutive month, say the nation\u2019s supply executives in the latest\u00a0Manufacturing ISM<sup>\u00ae<\/sup><em>\u00a0Report On Business<sup>\u00ae<\/sup>.<\/em><!--more--><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-15946 size-full\" src=\"https:\/\/www.miq.com\/wp-content\/uploads\/2019\/12\/ISM-Nov-2019-to-Post-Dec-2019.jpg\" alt=\"\" width=\"964\" height=\"684\" \/><\/p>\n<p class=\"mb-3\">The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management<sup>\u00ae<\/sup><span>\u00a0<\/span>(ISM<sup>\u00ae<\/sup>) Manufacturing Business Survey Committee: \u201cThe November PMI<sup>\u00ae<\/sup><span>\u00a0<\/span>registered 48.1 percent, a decrease of 0.2 percentage point from the October reading of 48.3 percent. The New Orders Index registered 47.2 percent, a decrease of 1.9 percentage points from the October reading of 49.1 percent. The Production Index registered 49.1 percent, up 2.9 percentage points compared to the October reading of 46.2 percent. The Backlog of Orders Index registered 43 percent, down 1.1 percentage points compared to the October reading of 44.1 percent. The Employment Index registered 46.6 percent, a 1.1-percentage point decrease from the October reading of 47.7 percent. The Supplier Deliveries Index registered 52 percent, a 2.5-percentage point increase from the October reading of 49.5 percent. The Inventories Index registered 45.5 percent, a decrease of 3.4 percentage points from the October reading of 48.9 percent. The Prices Index registered 46.7 percent, a 1.2-percentage point increase from the October reading of 45.5 percent. The New Export Orders Index registered 47.9 percent, a 2.5-percentage point decrease from the October reading of 50.4 percent. The Imports Index registered 48.3 percent, a 3-percentage point increase from the October reading of 45.3 percent.<\/p>\n<p class=\"mb-3\">\u201cComments from the panel were consistent with the previous month, with sentiment improving compared to October. November was the fourth consecutive month of PMI<sup>\u00ae<\/sup><span>\u00a0<\/span>contraction, at a faster rate compared to the prior month.<span>\u00a0<\/span><strong>Demand<\/strong><span>\u00a0<\/span>contracted, with the New Orders Index contracting faster, the Customers\u2019 Inventories Index remaining at \u2018too low\u2019 levels and the Backlog of Orders Index contracting for the seventh straight month (and at a faster rate). The New Export Orders Index returned to contraction territory, likely contributing to the faster contraction of the New Orders Index.<span>\u00a0<\/span><strong>Consumption<\/strong><span>\u00a0<\/span>(measured by the Production and Employment indexes) contracted, due primarily to lack of demand, but contributed positively (a combined 1.8-percentage point increase) to the PMI<sup>\u00ae<\/sup><span>\u00a0<\/span>calculation.<span>\u00a0<\/span><strong>Inputs<\/strong><span>\u00a0<\/span>\u2014 expressed as supplier deliveries, inventories and imports \u2014 were again lower in November, due primarily to contraction in inventories that was partially offset by supplier deliveries returning to \u2018slowing.\u2019 This resulted in a combined 0.9-percentage point decrease in the Supplier Deliveries and Inventories indexes. Imports contraction softened. Overall, inputs indicate (1) supply chains are meeting demand and (2) companies are less confident that materials received will be consumed in a reasonable time period. Prices decreased for the sixth consecutive month, at a slower rate.\u201d<\/p>\n<p>\u201cGlobal trade remains the most significant cross-industry issue. Among the six big industry sectors, Food, Beverage &amp; Tobacco Products remains the strongest, while Fabricated Metal Products is the weakest. Overall, sentiment this month is neutral regarding near-term growth,\u201d says Fiore.<\/p>\n<p>Of the 18 manufacturing industries, five reported growth in November: Apparel, Leather &amp; Allied Products; Food, Beverage &amp; Tobacco Products; Paper Products; Miscellaneous Manufacturing; and Computer &amp; Electronic Products. The 13 industries reporting contraction in November \u2014 listed in order \u2014 are: Wood Products; Printing &amp; Related Support Activities; Furniture &amp; Related Products; Textile Mills; Fabricated Metal Products; Transportation Equipment; Primary Metals; Plastics &amp; Rubber Products; Petroleum &amp; Coal Products; Nonmetallic Mineral Products; Machinery; Chemical Products; and Electrical Equipment, Appliances &amp; Components.<\/p>\n<p>Click\u00a0<strong><a href=\"https:\/\/www.instituteforsupplymanagement.org\/about\/MediaRoom\/newsreleasedetail.cfm?ItemNumber=31160&amp;SSO=1\">here\u00a0<\/a><\/strong>to access the entire release from the Institute for Supply Management website.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source:\u00a0Institute for Supply Management \u2013 December 2, 2019 Release Economic activity in the\u00a0manufacturing sector\u00a0contracted in November, and the\u00a0overall economy\u00a0grew for the 127th consecutive month, say the nation\u2019s supply executives in&#8230;<\/p>\n","protected":false},"author":9,"featured_media":15946,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[359],"tags":[],"class_list":["post-15948","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economic-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>November 2019 Manufacturing ISM\u00ae Report On Business\u00ae<\/title>\n<meta name=\"description\" content=\"Source:\u00a0Institute for Supply Management \u2013 December 2, 2019 Release Economic activity in the\u00a0manufacturing sector\u00a0contracted in November, and the\u00a0overall ISM, Institute for Supply Management, Manufacturing Business Survey Committee, November, Production Index, Backlog of Orders Index, Employment Index, Supplier Deliveries Index, Inventories Index, Prices Index, New Export Orders Index, Imports Index, New Orders Index, PMI, Global Trade, New Orders, Production, and Employment ContractingSupplier Deliveries Slowing from Faster; Backlog ContractingRaw Materials Inventories Contracting; Customers\u2019 Inventories Too LowPrices Decreasing; Exports and Imports Contracting, demand, consumption, inputs\" \/>\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\/november-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=\"November 2019 Manufacturing ISM\u00ae Report On Business\u00ae\" \/>\n<meta property=\"og:description\" content=\"Source:\u00a0Institute for Supply Management \u2013 December 2, 2019 Release Economic activity in the\u00a0manufacturing sector\u00a0contracted in November, and the\u00a0overall ISM, Institute for Supply Management, Manufacturing Business Survey Committee, November, Production Index, Backlog of Orders Index, Employment Index, Supplier Deliveries Index, Inventories Index, Prices Index, New Export Orders Index, Imports Index, New Orders Index, PMI, Global Trade, New Orders, Production, and Employment ContractingSupplier Deliveries Slowing from Faster; 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