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US Manufacturing ISM Expansion Continues for 15 Consecutive Month

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Mish

Global Economic Analysis

Published : September 02nd, 2014

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Category : Opinions and Analysis

US manufacturing continued its expansion for the 15 consecutive month. It has been in expansion since May of 2013 when it registered 50.0.

Manufacturing ISM Index

For details, lets turn to the August 2014 Manufacturing ISM® Report On Business®.

ISM at a Glance

Series Data	Aug Index	Jul Index	Percentage Point Change	Direction	Rate of Change	Trend (Months)
PMI™	59.0	57.1	+1.9	Growing	Faster	15
New Orders	66.7	63.4	+3.3	Growing	Faster	15
Production	64.5	61.2	+3.3	Growing	Faster	6
Employment	58.1	58.2	-0.1	Growing	Slower	14
Supplier Deliveries	53.9	54.1	-0.2	Slowing	Slower	15
Inventories	52.0	48.5	+3.5	Growing	From Contracting	1
Customers' Inventories	49.0	43.5	+5.5	Too Low	Slower	33
Prices	58.0	59.5	-1.5	Increasing	Slower	13
Backlog of Orders	52.5	49.5	+3.0	Growing	From Contracting	1
Exports	55.0	53.0	+2.0	Growing	Faster	21
Imports	56.0	52.0	+4.0	Growing	Faster	19

This was a solid report.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com

Source : globaleconomicanalysis.blogspot.com

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Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. He writes a global economics blog which has commentary 5-7 times a week. He also writes for the Daily Reckoning, Whiskey & Gunpowder, and has over 80 magazine and book cover credits. Visit http://www.sitkapacific.com

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