ISM report places apparel, chemicals among top 13 businesses in May
02 Jun '06
4 min read
Do not confuse this national report with the various regional purchasing reports released across the country. The national report's information reflects the entire United States, while the regional reports contain primarily regional data from their local vicinities.
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 May 2006.
New Orders, Production, Employment Expanding:
Deliveries Slowing, Inventories Contracting (Tempe, Arizona) — Economic activity in the manufacturing sector grew in May for the 36th consecutive month, while the overall economy grew for the 55th consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Business.
The report was issued today by Norbert J. Ore, C.P.M., chair of the Institute for Supply Management Manufacturing Business Survey Committee. "The manufacturing sector grew once again in May, but the rate of growth as measured by the PMI slowed somewhat during the month.
The slower growth is evidenced by a significant loss of momentum in the last four months as the New Orders Index has slipped from 61.9 percent in February to 53.7 percent in May. Prices, driven by raw materials costs, are a concern."
TOP PERFORMING INDUSTRIES The 13 industries reporting growth in May — listed in order — are: Miscellaneous; Industrial & Commercial Equipment & Computers; Primary Metals; Tobacco; Apparel; Instruments & Photographic Equipment; Paper; Food; Chemicals; Wood & Wood Products; Transportation & Equipment; Electronic Components & Equipment; and Furniture.
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