November 2011 Manufacturing ISM Report On Business®: Summary
WHAT RESPONDENTS ARE SAYING ...
- "Business still holding its own. Some growth in margin now that some of the raw materials prices have abated. Oil is pushing $100 so that has not been favorable." (Chemical Products)
- "Orders for the remaining two months have increased after an extended 'summer dip' in sales overall. We expect to finish the year approximately 10 percent above 2010." (Electrical Equipment, Appliances & Components)
- "Seeing a slight slowdown in orders; could be related to the holidays." (Primary Metals)
- "Material lead times are getting longer. Seems like no one is hiring. Trying to do twice the output with the same amount of people." (Food, Beverage & Tobacco Products)
- "Japanese auto production has returned to 100 percent, and domestic manufacturing continues to increase." (Fabricated Metal Products)
- "Oil exploration seems to be really picking up. Government is permitting again, so business is the busiest we've ever seen." (Computer & Electronic Products)
- "The EPS ruling about higher fees for coal-generated electricity can have a huge, negative impact on our business if implemented in January 2012. We are at the peak of our seasonal demand push." (Plastics & Rubber Products)
- "Thailand flood impacting our business. Honda and Toyota cut production forecasts, and we are chasing some components made in Thailand." (Transportation Equipment)
MANUFACTURING AT A GLANCE NOVEMBER 2011 | ||||||
---|---|---|---|---|---|---|
Index |
Series Index Nov |
Series Index Oct |
Percentage Point Change |
Direction |
Rate of Change |
Trend* (Months) |
PMI | 52.7 | 50.8 | +1.9 | Growing | Faster | 28 |
New Orders | 56.7 | 52.4 | +4.3 | Growing | Faster | 2 |
Production | 56.6 | 50.1 | +6.5 | Growing | Faster | 3 |
Employment | 51.8 | 53.5 | -1.7 | Growing | Slower | 26 |
Supplier Deliveries | 49.9 | 51.3 | -1.4 | Faster | From Slowing | 1 |
Inventories | 48.3 | 46.7 | +1.6 | Contracting | Slower | 2 |
Customers' Inventories | 50.0 | 43.5 | +6.5 | Unchanged | From Too Low | 1 |
Prices | 45.0 | 41.0 | +4.0 | Decreasing | Slower | 2 |
Backlog of Orders | 45.0 | 47.5 | -2.5 | Contracting | Faster | 6 |
Exports | 52.0 | 50.0 | +2.0 | Growing | From Unchanged | 1 |
Imports | 49.0 | 49.5 | -0.5 | Contracting | Faster | 2 |
OVERALL ECONOMY | Growing | Faster | 30 | |||
Manufacturing Sector | Growing | Faster | 28 |
*Number of months moving in current direction.
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