{"id":17476,"date":"2019-11-04T12:31:09","date_gmt":"2019-11-04T18:31:09","guid":{"rendered":"https:\/\/www.miq.com\/?p=15629"},"modified":"2019-11-04T12:31:09","modified_gmt":"2019-11-04T18:31:09","slug":"october-2019-manufacturing-ism-report-on-business","status":"publish","type":"post","link":"https:\/\/www.noatumlogistics.com\/us\/october-2019-manufacturing-ism-report-on-business\/","title":{"rendered":"October 2019 Manufacturing ISM\u00ae Report On Business\u00ae"},"content":{"rendered":"<p><strong>Source: <\/strong><a href=\"https:\/\/www.instituteforsupplymanagement.org\/about\/MediaRoom\/newsreleasedetail.cfm?ItemNumber=31158&amp;SSO=1\"><strong>Institute for Supply Management &#8211; November 1, 2019 Release<\/strong><\/a><\/p>\n<p>Economic activity in the manufacturing sector contracted in October, and the overall economy grew for the 126th consecutive month, say the nation\u2019s supply executives in the latest Manufacturing ISM<sup>\u00ae<\/sup><em> Report On Business<\/em><em><sup>\u00ae<\/sup><\/em>.<!--more--><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-15630 size-full\" src=\"https:\/\/www.miq.com\/wp-content\/uploads\/2019\/11\/ISM-October-for-04Nov2019-Post.jpg\" alt=\"\" width=\"969\" height=\"682\" \/><\/p>\n<p>The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management<sup>\u00ae<\/sup> (ISM<sup>\u00ae<\/sup>) Manufacturing Business Survey Committee: \u201cThe October PMI<sup>\u00ae<\/sup> registered 48.3 percent, an increase of 0.5 percentage point from the September reading of 47.8 percent. The New Orders Index registered 49.1 percent, an increase of 1.8 percentage points from the September reading of 47.3 percent. The Production Index registered 46.2 percent, down 1.1 percentage points compared to the September reading of 47.3 percent. The Backlog of Orders Index registered 44.1 percent, down 1 percentage point compared to the September reading of 45.1 percent. The Employment Index registered 47.7 percent, a 1.4-percentage point increase from the September reading of 46.3 percent. The Supplier Deliveries Index registered 49.5 percent, a 1.6-percentage point decrease from the September reading of 51.1 percent. The Inventories Index registered 48.9 percent, an increase of 2 percentage points from the September reading of 46.9 percent. The Prices Index registered 45.5 percent, a 4.2-percentage point decrease from the September reading of 49.7 percent. The New Export Orders Index registered 50.4 percent, a 9.4-percentage point increase from the September reading of 41 percent. The Imports Index registered 45.3 percent, a 2.8-percentage point decrease from the September reading of 48.1 percent.<\/p>\n<p>\u201cComments from the panel reflect an improvement from the prior month, but sentiment remains more cautious than optimistic. October was the third consecutive month of PMI<sup>\u00ae<\/sup> contraction, at a slower rate compared to September. <strong>Demand<\/strong> contracted, with the New Orders Index contracting marginally, the Customers\u2019 Inventories Index moving into \u2018about right\u2019 territory and the Backlog of Orders Index contracting for the sixth straight month (and at a faster rate). The New Export Orders Index surged into expansion territory, likely contributing to the slowing contraction of the New Orders Index. <strong>Consumption<\/strong> (measured by the Production and Employment indexes) contracted, due primarily to lack of demand, but contributed positively (a combined +0.3-percentage point increase) to the PMI<sup>\u00ae<\/sup> calculation. <strong>Inputs<\/strong> \u2014 expressed as supplier deliveries, inventories and imports \u2014 were again lower in October, due primarily to supplier delivery contraction offset by improvements in inventories. This resulted in a combined 0.4-percentage point net improvement in the Supplier Deliveries and Inventories indexes. Imports contraction quickened. Overall, inputs indicate (1) supply chains are meeting demand and (2) companies are more confident that materials received will be consumed in a reasonable time period. Prices decreased for the fifth consecutive month, at a faster rate.\u201d<\/p>\n<p>\u201cGlobal trade remains the most significant cross-industry issue. Food, Beverage &amp; Tobacco Products remains the strongest industry sector and Transportation Equipment the weakest sector. Overall, sentiment this month remains cautious regarding near-term growth,\u201d says Fiore.<\/p>\n<p>Of the 18 manufacturing industries, five reported growth in October: Furniture &amp; Related Products; Printing &amp; Related Support Activities; Food, Beverage &amp; Tobacco Products; Wood Products; and Computer &amp; Electronic Products. The 12 industries reporting contraction in October \u2014 in the following order \u2014 are: Primary Metals; Apparel, Leather &amp; Allied Products; Textile Mills; Transportation Equipment; Plastics &amp; Rubber Products; Machinery; Chemical Products; Petroleum &amp; Coal Products; Electrical Equipment, Appliances &amp; Components; Fabricated Metal Products; Miscellaneous Manufacturing; and Paper Products.<\/p>\n<p>Click\u00a0<strong><a href=\"https:\/\/www.instituteforsupplymanagement.org\/about\/MediaRoom\/newsreleasedetail.cfm?ItemNumber=31158&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: Institute for Supply Management &#8211; November 1, 2019 Release Economic activity in the manufacturing sector contracted in October, and the overall economy grew for the 126th consecutive month, say&#8230;<\/p>\n","protected":false},"author":9,"featured_media":15630,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[359],"tags":[],"class_list":["post-17476","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 - 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