Posted on: Sunday, February 05, 2012 11:50 AM EST
PMI at 54.1%
PERFORMANCE BY INDUSTRY
Of the 18 manufacturing industries, nine are reporting growth in January, in the following order: Apparel, Leather & Allied Products; Petroleum & Coal Products; Machinery; Computer & Electronic Products; Transportation Equipment; Miscellaneous Manufacturing; Fabricated Metal Products; Paper Products; and Primary Metals. The seven industries reporting contraction in January — listed in order — are: Plastics & Rubber Products; Furniture & Related Products; Wood Products; Chemical Products; Food, Beverage & Tobacco Products; Electrical Equipment, Appliances & Components; and Textile Mills.
WHAT RESPONDENTS ARE SAYING ...
- "Still seeing raw materials pricing moving down in general, but expect inflation later in the quarter." (Chemical Products)
- "Year starting a little slow, but customers are positive about increased business in 2012." (Machinery)
- "Once again, business continues to be strong." (Paper Products)
- "Pricing remains in check with the demand we are seeing. Supplier deliveries are on time or early." (Food, Beverage & Tobacco Products)
- "The economy seems to be slowly improving." (Fabricated Metal Products)
- "Business lost to offshore is coming back." (Computer & Electronic Products)
- "Business remains strong. Order intake is great — more than 20 percent above budget." (Primary Metals)
- "Indications are that 2012 business environment will improve over 2011." (Transportation Equipment)
- "Market conditions appear to be improving, with the outlook for 2012 better yet." (Wood Products)
MANUFACTURING AT A GLANCE
JANUARY 2012 |
|---|
Index | Series
Index
Jan | Series
Index
Dec | Percentage
Point
Change |
Direction | Rate
of
Change |
Trend*
(Months) |
|---|
| PMI |
54.1 |
53.1 |
+1.0 |
Growing |
Faster |
30 |
| New Orders |
57.6 |
54.8 |
+2.8 |
Growing |
Faster |
33 |
| Production |
55.7 |
58.9 |
-3.2 |
Growing |
Slower |
32 |
| Employment |
54.3 |
54.8 |
-0.5 |
Growing |
Slower |
28 |
| Supplier Deliveries |
53.6 |
51.5 |
+2.1 |
Slowing |
Faster |
31 |
| Inventories |
49.5 |
45.5 |
+4.0 |
Contracting |
Slower |
4 |
| Customers' Inventories |
47.5 |
42.5 |
+5.0 |
Too Low |
Slower |
2 |
| Prices |
55.5 |
47.5 |
+8.0 |
Increasing |
From Decreasing |
1 |
| Backlog of Orders |
52.5 |
48.0 |
+4.5 |
Growing |
From Contracting |
1 |
| Exports |
55.0 |
53.0 |
+2.0 |
Growing |
Faster |
3 |
| Imports |
52.5 |
54.0 |
-1.5 |
Growing |
Slower |
2 |
| |
|
|
|
|
|
|
| OVERALL ECONOMY |
Growing |
Faster |
32 |
| Manufacturing Sector |
Growing |
Faster |
30 |
*Number of months moving in current direction.
Indexes reflect newly released seasonal adjustment factors.
COMMODITIES REPORTED UP/DOWN IN PRICE and IN SHORT SUPPLY
Commodities Up in Price
Caustic Soda; Gasoline; High Density Polyethylene; Oil; Stainless Steel; Steel (2); Steel — Cold Rolled; and Titanium Dioxide.
Commodities Down in Price
Aluminum (5); Aluminum Products (2); Natural Gas (6); Plastic Products (4); Plastic Resins (6); Polyethylene; Polypropylene (3); Polypropylene Resin; and Steel Products.
Commodities in Short Supply
Hard Drives (2); and Integrated Circuit Boards.
Note: The number of consecutive months the commodity is listed is indicated after each item.
Full Report - January 2012 Manufacturing ISM Report On Business