An index above
Thursday, January 03, 2019
The only industry reporting faster supplier deliveries in December is Primary Metals. An Inventories Index greater than 43 percent, over time, is generally consistent with expansion in the Bureau of Economic Analysis BEA figures on overall manufacturing inventories in chained dollars. The nine industries reporting higher inventories in December — listed in order — are: The seven industries reporting a decrease in inventories in December — listed in order — are: This is the lowest month of price expansion since June , when the index registered 53 points.
Increases continue for freight, labor, electrical and electronic components, printed circuit board assemblies and products manufactured primarily from steel. Shortages continue for electrical and most electronic components. A Prices Index above Eight of the 18 industries reported paying increased prices for raw materials in December, in the following order: The five industries reporting a decrease in prices for raw materials in December are: The six industries reporting growth in order backlogs in December — listed in order — are: The five industries reporting a decrease in order backlogs during December are: Six industries reported no change in backlog of orders in December compared to November.
The six industries reporting growth in new export orders in December — listed in order — are: The four industries reporting a decrease in new export orders in December are: Seven industries reported no change in new export orders in December.
The index achieved its lowest rate of expansion since May , when it registered The 10 industries reporting growth in imports during the month of December — listed in order — are: The four industries reporting a decrease in imports during December are: Average commitment lead time for Capital Expenditures decreased by eight days in December to days. Average lead time for Production Materials was unchanged at 68 days.
The national report's information reflects the entire U. Also, the information in the regional reports is not used in calculating the results of the national report.
The information compiled in this report is for the month of December The data presented herein is obtained from a survey of manufacturing supply executives based on information they have collected within their respective organizations. The data should be compared to all other economic data sources when used in decision-making.
The data are weighted based on each industry's contribution to GDP. Beginning in January , computation of the indexes is accomplished utilizing unrounded numbers.
Survey responses reflect the change, if any, in the current month compared to the previous month. For each of the indicators measured New Orders, Backlog of Orders, New Export Orders, Imports, Production, Supplier Deliveries, Inventories, Customers' Inventories, Employment and Prices , this report shows the percentage reporting each response, the net difference between the number of responses in the positive economic direction higher, better and slower for Supplier Deliveries and the negative economic direction lower, worse and faster for Supplier Deliveries , and the diffusion index.
Responses are raw data and are never changed. The diffusion index includes the percent of positive responses plus one-half of those responding the same considered positive. All seasonal adjustment factors are subject annually to relatively minor changes when conditions warrant them.
New Orders seasonally adjusted , Production seasonally adjusted , Employment seasonally adjusted , Supplier Deliveries seasonally adjusted , and Inventories. Diffusion indexes have the properties of leading indicators and are convenient summary measures showing the prevailing direction of change and the scope of change. The distance from 50 percent or Respondents are asked to ONLY report on information for the current month.
Responses to Buying Policy reflect the percent reporting the current month's lead time, the approximate weighted number of days ahead for which commitments are made for Capital Expenditures; Production Materials; and Maintenance, Repair and Operating MRO Supplies, expressed as hand-to-mouth five days , 30 days, 60 days, 90 days, six months days , a year or more days , and the weighted average number of days.
These responses are raw data, never revised, and not seasonally adjusted since there is no significant seasonal pattern. ISM hereby grants you a limited, revocable, nonsublicensable license to access and display on your individual device the ISM ROB Content excluding any software code solely for your personal, non-commercial use. Except as provided herein or as explicitly allowed in writing by ISM, you shall not copy, download, stream, capture, reproduce, duplicate, archive, upload, modify, translate, publish, broadcast, transmit, retransmit, distribute, perform, display, sell, or otherwise use any ISM ROB Content.
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Survey based on managers in supply management and purchasing sector. While this survey queries those in the manufacturing industry, it is often used as an sentiment on overall economy. A number of 50 indicates the economy is expanding. A number lower than 42 indicates that a recession is likely. Free Trial Sign In. Institute for Supply Management. For advanced charting, view our full-featured Fundamental Chart.
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