manufacturing

In its monthly Manufacturing Report on Business, ISM said that the report’s key metric, the PMI, hit 59.3 (a reading of 50 or higher indicates growth), which topped September’s 55.4 by 3.9%, while growing at a faster rate for the fifth consecutive month, while the overall economy grew for the sixth consecutive month.

The report’s key metric, the PMI, came in at 54.2 (a reading of 50 or higher indicates growth), for a 1.6% gain over June’s 52.6, with June snapping a three-month stretch of PMI declines. The July PMI also represents the highest PMI reading over the last 12 months and is 5.6% higher than the 12-month average of 48.6.

In its monthly Manufacturing Report on Business, ISM reported that the report’s key metric, the PMI, came in at 52.6 (a reading of 50 or higher indicates growth), which marked a 9.5% improvement over May’s 43.1 and a 12.7% gain over April’s 39.9 reading.

As the ongoing grip of the COVID-19 pandemic remains firm on the current state of manufacturing, it loosened, but only to a point, in May, when compared to April, a month replete with record lows, according to data in the most recent edition of the Institute for Supply Management’s (ISM) Manufacturing Report on Business.

While the economy is clearly feeling the negative effects of the ongoing COVID-19 pandemic, there are some positive signals out there that things could be changing for the better.

While its predecessor report, which was released in December, issued a positive 2020 growth outlook for the manufacturing and non-manufacturing sectors, the new edition of the Institute for Supply Management’s (ISM) Semiannual Economic Forecast, which was issued today, tells a much different story, due to the ongoing COVID-19 pandemic.

The report’s key metric—the PMI—at 41.5 (a reading of 50 or higher indicates growth)—declined 7.6% from March’s 41.5, falling for the second straight month, which was preceded by two months of growth. The April reading was 7.5% below the 12-month average of 49.0 and is also the lowest reading over the last 12 months and the lowest reading going back to April 2009’s 39.9.

As the global coronavirus, or COVID-19 pandemic, continues to take hold, virtually every aspect of the economy is feeling its effect, coupled with ongoing uncertainty that is taking a toll, especially on manufacturing. That was a major theme in the March edition of the Institute for Supply Management’s (ISM) Manufacturing Report on Business, which was issued today.

The report’s key metric—the PMI—checked in at 50.1 (a reading of 50 or higher indicates growth) in February, down 0.8% from January’s 50.9 reading. January was 3.1% ahead of December, which marked the lowest PMI reading going back to June 2000’s 46.3. The overall economy grew in February for the 130th consecutive month. The February PMI is 0.4% below the 12-month average of 50.5.

The report’s key metric, the PMI, headed up 3.1%, in January, to 50.9 (a reading of 50 or higher indicates growth), on the heels of a 47.8 reading in December, which marked the lowest PMI reading going back to June 2000’s 46.3.

While it was not a huge surprise that 2019 was unable to maintain the economic and freight volume momentum seen in 2018, the outlook for 2020 is shaping up to be closer to the former. That was the word from speakers at this week’s SMC3 JumpStart 2020 conference in Atlanta.

The report’s key metric, the PMI, fell 0.9% to 47.2 in December (a reading of 50 or higher indicates growth), following readings of 48.1 in November and 49.1, 47.8, and 48.3, in August, September, and October, respectively.

The Institute for Supply Management’s (ISM) Semiannual Economic Forecast, which was issued last week, provided a deep dive into how both manufacturing and non-manufacturing purchasing and supply management executives view what could be in store for 2020, in terms of key benchmarks like revenue growth, capital expenditures, and capacity utilization among others.

For manufacturing, ISM is estimating a 4.8% annual increase in 2020 revenue, which is up from the 1.9% increase that was pegged for 2019 over 2018. What’s more, 58.1% of manufacturing respondents expected 2020 revenues to be higher than 2019. And revenue growth in 2020 is expected to see annual gains in all 18 manufacturing industries ISM tracks.

The report’s key metric, the PMI, slipped 0.2% to 48.1 in November (a reading of 50 or higher indicates growth), following readings of 49.1, 47.8, and 48.3, in August, September, and October, respectively.