April Manufacturing ISM Report On Business®; PMI at 60.4%; New Orders, Production and Employment Growing; Supplier Deliveries Slower; Inventories Contracting

New Orders

ISM’s New Orders Index registered 65.7 percent in April, 4.2 percentage points higher than the 61.5 percent registered in March. This is the 10th consecutive month of growth in the New Orders Index. A New Orders Index above 50.2 percent, over time, is generally consistent with an increase in the Census Bureau’s series on manufacturing orders (in constant 2000 dollars).

The 17 industries reporting growth in new orders in April — listed in order — are: Apparel, Leather & Allied Products; Wood Products; Petroleum & Coal Products; Fabricated Metal Products; Plastics & Rubber Products; Nonmetallic Mineral Products; Electrical Equipment, Appliances & Components; Primary Metals; Transportation Equipment; Paper Products; Machinery; Furniture & Related Products; Chemical Products; Miscellaneous Manufacturing; Printing & Related Support Activities; Computer & Electronic Products; and Food, Beverage & Tobacco Products. There were no industries reporting a decrease in new orders in April.

New Orders           %Better         %Same         %Worse         Net         Index
 
Apr 2010 52 40 8 +44 65.7
Mar 2010 41 48 11 +30 61.5
Feb 2010 36 49 15 +21 59.5
Jan 2010 41 43 16 +25 65.9

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