Economic & Financial Highlights
Manufacturing
Economic & Financial Highlights tracks data from a number of series. The charts below are associated with the topic of manufacturing.
2016
Nov 01, 2016
ISM Manufacturing Purchasing Managers Index (PMI)
In October, the Institute for Supply Management's (ISM) manufacturing index increased for the second consecutive month, rising 0.4 points from September to a reading of 51.9. The new orders and production subindexes continued to indicate expansion, and the employment subindex suggested that factory payrolls increased for the first time since June. Overall, the October ISM index suggested modest expansion in the manufacturing sector.
Oct 19, 2016
Industrial Production
In September, the industrial production (IP) index increased 0.1 percent compared with the previous month and was down 1.0 percent on a year-over-year basis. On the heels of healthy increases in wood products, high-tech industries, and motor vehicles and parts production, the manufacturing subindex rose 0.2 percent compared with August but was flat on a year-over-year basis. The mining subindex rose 0.4 percent from the previous month, but it remained subdued on a year-over-year basis, down 9.4 percent. The utilities subindex also fell on a month-over-month basis, declining 1.0 percent from August. Year over year, the utilities subindex was down 0.4 percent.
Oct 04, 2016
ISM Manufacturing Purchasing Managers Index (PMI)
In September, the Institute for Supply Management's (ISM) manufacturing index increased 2.1 points from August to a reading of 51.5. The rise was led by a healthy surge in the new orders subindex, which rebounded 6.0 points from the previous month to a 55.1 reading. The production subindex also returned to expansionary territory, climbing 3.2 points to 52.8. However, the employment subindex remained in contractionary territory for the third consecutive month, suggesting that factory payrolls continued to shrink. Overall, the September ISM index indicated that manufacturing activity, while expanding slightly, remains somewhat muted.
Sep 28, 2016
Core Capital Goods
In August, shipments for core capital goods (nondefense capital goods excluding aircraft)fell for the fourth consecutive month, declining 0.4 percent from July. However, new orders for these goods increased for the third consecutive month, rising 0.6 percent from July. Hinting at some possible momentum for near-term business investment in equipment, the three-month moving average for core capital goods orders was 0.6 percent. However, year-over-year growth rates for core capital goods shipments and new orders remain negative.
Sep 21, 2016
Industrial Production
In August, the industrial production (IP) index decreased 0.4 percent compared to the previous month and was down 1.1 percent on a year-over-year basis. The manufacturing subindex also fell 0.4 percent from July and was also down 0.4 percent on a year-over-year basis. Declines within the manufacturing industry were broad based, with most sectors reporting a monthly fall in production. The mining subindex rose 1.0 percent from the previous month but remained subdued on a year-over-year basis, down 9.3 percent. The utilities subindex also fell on a month-over-month basis, declining 1.4 percent from July. Year over year, the utilities subindex was up 1.7 percent.
Sep 01, 2016
ISM Manufacturing Purchasing Managers Index (PMI)
In August, the Institute for Supply Management's (ISM) manufacturing index fell 3.2 points from July to a reading of 49.4. The index fell below the 50 threshold for expansion for the first time since February of this year. The new orders and production subindices both fell below expansionary territory for the first time since December 2015, while the employment subindex remained below the threshold for the second month in a row at 48.3.
Aug 17, 2016
Industrial Production
In July, the industrial production (IP) index increased 0.7 percent compared to the previous month. The manufacturing subindex rose 0.5 percent month over month and is now up 0.2 percent year over year. The monthly rise in the manufacturing subindex was led by increases in motor vehicles and parts production and wood products production. On the heels of a modest rebound in oil and gas well drilling, the mining subindex rose 0.7 percent in July but remained subdued on a year-over-year basis, down 10.2 percent. The utilities subindex rose 2.1 percent from June and is up 3.5 percent compared to a year ago. Although the strength of the dollar and weak global demand continue to hamper industrial output, the July report suggests some possible firming in overall conditions.
Aug 04, 2016
ISM Manufacturing Purchasing Managers Index (PMI)
In July, the Institute for Supply Management's (ISM) manufacturing index fell 0.6 points from June to a reading of 52.6. Despite the decrease, the index remained above the 50-point threshold for expansion for the fifth consecutive month. The new orders and production subindices both remained in expansionary territory for the seventh consecutive month, and the employment subindex decreased to 49.4 points, suggesting that factory payrolls contracted.
Jul 29, 2016
Core Capital Goods
In June, shipments for core capital goods (nondefense capital goods excluding aircraft) decreased 0.4 percent month over month, and new orders for these goods increased 0.2 percent compared with the previous month. Year-over-year growth rates for shipments and new orders remain negative and suggest little to no momentum for business investment in equipment in the near term.
