OUR THOUGHTS ON:

What sectors of the manufacturing industry are growing?

Manufacturing

By Donald Applegarth

Manufacturing finished up 2013 with a strong December, says the nation's supply executives in the latest Manufacturing report from the Institute for Supply Management.  This data is consistent with what Schneider Downs reported in the results of its third annual economic manufacturing survey released in December 2013.

Of the 18 manufacturing industries, 13 reported growth in December in the following order: Furniture & Related Products; Plastics & Rubber Products; Textile Mills; Apparel, Leather & Allied Products; Computer & Electronic Products; Paper Products; Transportation Equipment; Primary Metals; Fabricated Metal Products; Wood Products; Printing & Related Support Activities; Food, Beverage & Tobacco Products; and Miscellaneous Manufacturing. The four industries reporting contraction in December are: Nonmetallic Mineral Products; Machinery; Chemical Products; and Electrical Equipment, Appliances & Components.

MANUFACTURING AT A GLANCE
DECEMBER 2013



Index

Series
Index
Dec

Series
Index
Nov

Percentage
Point
Change



Direction

Rate
of
Change


Trend*
(Months)

PMI™

57.0

57.3

-0.3

Growing

Slower

7

New Orders

64.2

63.6

+0.6

Growing

Faster

7

Production

62.2

62.8

-0.6

Growing

Slower

7

Employment

56.9

56.5

+0.4

Growing

Faster

6

Supplier Deliveries

54.7

53.2

+1.5

Slowing

Faster

6

Inventories

47.0

50.5

-3.5

Contracting

From Growing

1

Customers' Inventories

47.5

45.0

+2.5

Too Low

Slower

25

Prices

53.5

52.5

+1.0

Increasing

Faster

5

Backlog of Orders

51.5

54.0

-2.5

Growing

Slower

3

Exports

55.0

59.5

-4.5

Growing

Slower

13

Imports

55.0

55.0

0.0

Growing

Same

11

 

 

 

 

 

 

 

OVERALL ECONOMY

Growing

Slower

55

Manufacturing Sector

Growing

Slower

7

*Number of months moving in current direction.

Read more of the report here: http://www.ism.ws/about/MediaRoom/newsreleasedetail.cfm

For more information about Schneider Downs' services for the manufacturing industry, please contact Don Applegarth at 412-697-5348.

© 2014 Schneider Downs. All rights reserved. All content on this site is property of Schneider Downs unless otherwise noted and should not be used without written permission.

This advice is not intended or written to be used for, and it cannot be used for, the purpose of avoiding any federal tax penalties that may be imposed, or for promoting, marketing or recommending to another person, any tax related matter.

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© 2018 Schneider Downs. All rights-reserved. All content on this site is property of Schneider Downs unless otherwise noted and should not be used without written permission.

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