of Manufacturing industry ISM business report Published monthly by Institute of Supply Management (ISM); It is the world's largest supply management organization and one of the most respected. Economic activity in the manufacturing sector contracted for the 16th consecutive month in February, but remained “unchanged” (PMI value 50%) for one month, up from 28 months of growth, the country's supply said. executives said in their latest report. Manufacturing ISM Report.
The US manufacturing sector contracted in February as the Manufacturing PMI recorded 47.8%, down 1.3 percentage points compared to 49.1% in January. This is the 16th consecutive month of negative growth.
ISM's New Orders Index fell for the 18th time in the past 20 months in February, hitting 49.2%, down 3.3 percentage points from January's 52.5%.
The production index in February returned to contraction territory, recording 48.4 percent, two points lower than January's reading of 50.4 percent. The production index has contracted in 11 of the past 15 months.
ISM's employment index recorded 45.9% in February, 1.2 percentage points lower than January's reading of 47.1%. The index showed that employment contracted for the fifth straight month after expanding for a month (with a further contraction in February).
Supplier delivery performance to manufacturing organizations declined in February, after 16 consecutive months in “faster” territory with the Supplier Delivery Index recording 50.1%, one point higher than January's 49.1%. Ta.
The inventory index in February was recorded at 45.3%, down 0.9 percentage points from January's 46.2%. Manufacturing inventories shrank at a slightly faster pace than the previous month.
ISM's backlog index recorded 46.3%, an increase of 1.6 points compared to 44.7% in January, marking the 17th consecutive month of contraction in the backlog after a 27-month period of expansion.
The eight manufacturing industries that reported growth in February are, in order: Apparel, leather and related products. non-metallic mineral products; primary metals; plastic and rubber products; metal fabrications; chemical products; other manufacturing; and transportation equipment. The seven industries that reported contraction in February are: Furniture and related products. machinery; wood products; computers and electronic products; food, beverage and tobacco products; paper products; and electrical equipment, household appliances and components.
