{"id":17507,"date":"2020-03-05T09:09:22","date_gmt":"2020-03-05T15:09:22","guid":{"rendered":"https:\/\/www.miq.com\/?p=16235"},"modified":"2020-03-05T09:09:22","modified_gmt":"2020-03-05T15:09:22","slug":"february-2020-manufacturing-ism-report-on-business","status":"publish","type":"post","link":"https:\/\/www.noatumlogistics.com\/us\/february-2020-manufacturing-ism-report-on-business\/","title":{"rendered":"FEBRUARY 2020 MANUFACTURING ISM\u00ae REPORT ON BUSINESS\u00ae"},"content":{"rendered":"<p>Source:\u00a0 <u><a href=\"https:\/\/www.instituteforsupplymanagement.org\/about\/MediaRoom\/newsreleasedetail.cfm?ItemNumber=31167&amp;SSO=1\">Institute for Supply Management \u2013 March 2, 2020 Release<\/a><\/u><\/p>\n<p>Economic activity in the\u00a0manufacturing sector\u00a0grew in February, and the\u00a0overall economy\u00a0grew for the 130th consecutive month, say the nation\u2019s supply executives in the latest\u00a0Manufacturing ISM<sup>\u00ae<\/sup><em><strong>\u00a0<\/strong><\/em><em>Report On Business<\/em><em><sup>\u00ae<\/sup><\/em><strong>.<\/strong><!--more--><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-16236 size-full\" src=\"https:\/\/www.miq.com\/wp-content\/uploads\/2020\/03\/ISM-February-2020-posted-3.5.20.png\" alt=\"\" width=\"1022\" height=\"694\" \/><\/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>\u00a0(ISM<sup>\u00ae<\/sup>) Manufacturing Business Survey Committee: \u201cThe February PMI<sup>\u00ae<\/sup>\u00a0registered 50.1 percent, down 0.8 percentage point from the January reading of 50.9 percent. The New Orders Index registered 49.8 percent, a decrease of 2.2 percentage points from the January reading of 52 percent. The Production Index registered 50.3 percent, down 4 percentage points compared to the January reading of 54.3 percent. The Backlog of Orders Index registered 50.3 percent, an increase of 4.6 percentage points compared to the January reading of 45.7 percent. The Employment Index registered 46.9 percent, an increase of 0.3 percentage point from the January reading of 46.6 percent. The Supplier Deliveries Index registered 57.3 percent, up 4.4 percentage points from the January reading of 52.9 percent. The Inventories Index registered 46.5 percent, 2.3 percentage points lower than the January reading of 48.8 percent. The Prices Index registered 45.9 percent, down 7.4 percentage points as compared to the January reading of 53.3 percent. The New Export Orders Index registered 51.2 percent, a decrease of 2.1 percentage points as compared to the January reading of 53.3 percent. The Imports Index registered 42.6 percent, an 8.7-percentage point decrease from the January reading of 51.3 percent.<\/p>\n<p>\u201cComments from the panel were generally positive, with sentiment cautious compared to January. The PMI<sup>\u00ae<\/sup>\u00a0remained in expansion territory, but at a weak level.\u00a0Demand\u00a0slumped, with (1) the New Orders Index contracting at a weak level, despite new export order expansion, (2) the Customers\u2019 Inventories Index remaining at \u2018too low\u2019 status and (3) the Backlog of Orders Index expanding for the first time in several months, but at a slow rate.\u00a0Consumption<strong>\u00a0<\/strong>(measured by the Production and Employment indexes) contributed negatively (a combined 3.7-percentage point decrease) to the PMI<sup>\u00ae<\/sup>\u00a0calculation.\u00a0Inputs\u00a0\u2014 expressed as supplier deliveries, inventories and imports \u2014 strengthened in February, due primarily to supplier deliveries expanding, offset partially by inventories declining. Despite imports contraction returning at a strong rate, inputs contributed positively to the PMI<sup>\u00ae<\/sup>\u00a0calculation, a reversal from the previous month. (The Supplier Deliveries and Inventories indexes directly factor into the PMI<sup>\u00ae<\/sup>; the Imports Index does not.) Prices returned to contraction, at moderately strong levels.<\/p>\n<p>\u201cGlobal supply chains are impacting most, if not all, of the manufacturing industry sectors. Among the six big industry sectors, Food, Beverage &amp; Tobacco Products remains the strongest, followed by Computer &amp; Electronic Products. Petroleum &amp; Coal Products is the weakest. Overall, sentiment this month is marginally positive regarding near-term growth,\u201d says Fiore.<\/p>\n<p>Of the 18 manufacturing industries, the 14 that reported growth in February \u2014 listed in order \u2014 are: Wood Products; Furniture &amp; Related Products; Plastics &amp; Rubber Products; Printing &amp; Related Support Activities; Paper Products; Textile Mills; Primary Metals; Food, Beverage &amp; Tobacco Products; Computer &amp; Electronic Products; Miscellaneous Manufacturing; Electrical Equipment, Appliances &amp; Components; Fabricated Metal Products; Machinery; and Chemical Products. The three industries reporting contraction in February are: Petroleum &amp; Coal Products; Transportation Equipment; and Nonmetallic Mineral Products.<\/p>\n<p>Click <u><a href=\"https:\/\/www.instituteforsupplymanagement.org\/about\/MediaRoom\/newsreleasedetail.cfm?ItemNumber=31167&amp;SSO=1\">here<\/a><\/u> to access the entire release from the Institute for Supply Management website.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source:\u00a0 Institute for Supply Management \u2013 March 2, 2020 Release Economic activity in the\u00a0manufacturing sector\u00a0grew in February, and the\u00a0overall economy\u00a0grew for the 130th consecutive month, say the nation\u2019s supply executives&#8230;<\/p>\n","protected":false},"author":9,"featured_media":16236,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[359],"tags":[],"class_list":["post-17507","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>FEBRUARY 2020 MANUFACTURING ISM\u00ae REPORT ON BUSINESS\u00ae - USA<\/title>\n<meta name=\"description\" content=\"Source:\u00a0 Institute for Supply Management \u2013 March 2, 2020 Release Economic activity in the\u00a0manufacturing sector\u00a0grew in February, and the\u00a0overall Manufacturing ISM report on business, institute for supply management, ecomonic activity, timothy r. fiore, CPSM, CPM, PMI, New Orders Index, Production Index, Backlog of Orders index, Employment Index, Supplier Deliveries Index, Inventories Index, Prices Index, New Export Orders Index, Imports Index, expansion territory, demand, Food, Beverages, Tobacco, compuer &amp; electronics, petroleum &amp; coal, wood, furniture, plastics &amp; rubber, printing, paper, textile mills, primary metals, electrical equipment, appliances &amp; components, fabricated metal produts, machinery, chemical, transportation equipment, nonmetallic mineral products\" \/>\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-2020-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 2020 MANUFACTURING ISM\u00ae REPORT ON BUSINESS\u00ae - USA\" \/>\n<meta property=\"og:description\" content=\"Source:\u00a0 Institute for Supply 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