Sunday, February 5, 2012 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

 
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