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

Backlog of Orders(b)

ISM’s Backlog of Orders Index registered 57.5 percent in April, 0.5 percentage point lower than the 58 percent reported in March. Of the 82 percent of respondents who reported their backlog of orders, 31 percent reported greater backlogs, 16 percent reported smaller backlogs, and 53 percent reported no change from March.

The 10 industries reporting increased order backlogs in April — listed in order — are: Apparel, Leather & Allied Products; Nonmetallic Mineral Products; Paper Products; Electrical Equipment, Appliances & Components; Transportation Equipment; Plastics & Rubber Products; Furniture & Related Products; Fabricated Metal Products; Computer & Electronic Products; and Miscellaneous Manufacturing. The three industries that reported decreases in order backlogs during April are: Machinery; Chemical Products; and Primary Metals.

Backlog of Orders    

%
Reporting

    %Greater     %Same     %Less     Net     Index
 
Apr 2010 82 31 53 16 +15 57.5
Mar 2010 84 30 56 14 +16 58.0
Feb 2010 86 33 56 11 +22 61.0
Jan 2010 84 26 60 14 +12 56.0

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