none

US MANUFACTURING EXPANDS IN APRIL

11-05-2016
by 
in 

US manufacturing expanded for a second straight month in April, but at a slower rate, according to industry data.

According to the Institute for Supply Management (ISM) manufacturing activity was 50.8% in April, down from 51.8% the previous month. (A reading above 50% indicates expansion and below 50% contraction).

New orders and production helped boost results in April, while employment contracted.

The ISM report is based on a survey of purchasing and supply executives.

The March PMI was the first to go above the 50% mark since the August 2015 PMI of 51%.

The PMI has averaged 50.4% the past 12 months. Its peak during that time was 53.1% in May and June of 2015.

Of 18 industries, 11 reported economic growth in April, including wood products, primary metals, fabricated metal products and machinery. Four industries reported contraction, including petroleum and coal, transportation equipment and miscellaneous manufacturing.

The institute’s New Orders Index was at 55.8%, cooling off from March’s 58.3%. ISM said 15 industries reported increases in new orders, including apparel, wood products, plastics & rubber products, chemical products, fabricated metal products, machinery, primary metals, miscellaneous manufacturing and transportation equipment. Only textiles reported a decrease, PMI said.

Related news & editorials

  1. 19.02.2019
    19.02.2019
    by      In
    The adoption of artificial intelligence is rapidly growing in the workplace; however, to take full advantage of the opportunities, businesses need to overcome lingering doubts from their customers and employees, according to new research from Genpact, a global professional services firm focused on... Read More
  2. 19.02.2019
    19.02.2019
    by      In
    The 2018 needles in strawberries episode served as a warning to all of Australian industry: failure to take security seriously can have disastrous consequences. However, it also served to highlight just how vulnerable manufacturing industry is to malicious acts, whether by disgruntled employees or... Read More
  3. 19.02.2019
    19.02.2019
    by      In
    MachineryHouse has continued its expansion across the ditch with the opening of a second branch in New Zealand. The new Christchurch MachineryHouse joins the existing branch in Auckland, and will greatly improve the service to customers all over the South Island.
    The new retail operation opened in... Read More
  4. 19.02.2019
    19.02.2019
    by      In
    element14.com, the world’s largest electronic design community, has launched the ‘Pi-Casso’ design challenge, encouraging its members to think outside the frame and create digital artworks that showcase the versatility of the Raspberry Pi 3 Model B+, either by using the computing power of Pi as the... Read More