Manufacturing economy on a roll

12/07/2005


Tempe, AZ —Economic activity in the manufacturing sector grew in November for the 30th consecutive month, while the overall economy grew for the 49th consecutive month, says the Institute for Supply Management (ISM) in the latest “Manufacturing ISM Report On Business.”

It reported that the Purchasing Managers’ Index (PMI) indicates that the manufacturing economy grew in November for the 30th consecutive month. PMI for November registered 58.1%, a decrease of 1% when compared to October's reading of 59.1%. A reading >50% indicates that the manufacturing economy is generally expanding; &50% indicates that it is generally contracting. ISM’s data showed November performance in the:

  • New Orders Index at 59.8%, or 1.9% lower than the 61.7% registered in October, and November is the 31st consecutive month the index has exceeded 50%;

  • Production Index registering 60.6%, or 1.4% lower than the 62% reported in October. November is the 31st consecutive month of growth in the index;

  • Employment Index, at 56.6%— showing growth for the fifth consecutive month—an increase of 1.5% over October’s 55%;

  • Supplier Deliveries Index at 58.3%, a decrease of 3.4% compared to October's 61.7%;

  • Inventories Index indicated 49.3%, indicating a slower rate of liquidation when compared to October's reading of 48.1%. November's index represents a 1.2% increase over October. So manufacturers' inventories declined in November for the eighth consecutive month; and

  • Backlog of Orders Index registered 53%, indicating manufacturers' backlogs are growing—a 2.5% decrease compared to the 55.5% reported in October.

The 17 industries reporting growth in November, listed in order, include: apparel; rubber and plastic products; electronic components and equipment; tobacco; textiles; miscellaneous*; primary metals; food; paper; chemicals; industrial- and commercial-equipment and computers; instruments and photographic equipment; furniture; transportation and equipment; fabricated metals; glass, stone and aggregate; and printing and publishing.

Richard Phelps , senior editor, Control Engineering





No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Robotic safety, collaboration, standards; DCS migration tips; IT/OT convergence; 2017 Control Engineering Salary and Career Survey
Integrated mobility; Artificial intelligence; Predictive motion control; Sensors and control system inputs; Asset Management; Cybersecurity
Big Data and IIoT value; Monitoring Big Data; Robotics safety standards and programming; Learning about PID
Featured articles highlight technologies that enable the Industrial Internet of Things, IIoT-related products and strategies to get data more easily to the user.
This article collection contains several articles on how automation and controls are helping human-machine interface (HMI) hardware and software advance.
This digital report will explore several aspects of how IIoT will transform manufacturing in the coming years.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

Mobility as the means to offshore innovation; Preventing another Deepwater Horizon; ROVs as subsea robots; SCADA and the radio spectrum
Future of oil and gas projects; Reservoir models; The importance of SCADA to oil and gas
Big Data and bigger solutions; Tablet technologies; SCADA developments
Automation Engineer; Wood Group
System Integrator; Cross Integrated Systems Group
Jose S. Vasquez, Jr.
Fire & Life Safety Engineer; Technip USA Inc.
This course focuses on climate analysis, appropriateness of cooling system selection, and combining cooling systems.
This course will help identify and reveal electrical hazards and identify the solutions to implementing and maintaining a safe work environment.
This course explains how maintaining power and communication systems through emergency power-generation systems is critical.
click me