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

Production

ISM’s Production Index registered 66.9 percent in April, which is an increase of 5.8 percentage points from the March reading of 61.1 percent. An index above 51 percent, over time, is generally consistent with an increase in the Federal Reserve Board’s Industrial Production figures. This is the 11th consecutive month the Production Index has registered above 50 percent.

The 15 industries reporting growth in production during the month of April — listed in order — are: Apparel, Leather & Allied Products; Wood Products; Petroleum & Coal Products; Plastics & Rubber Products; Nonmetallic Mineral Products; Fabricated Metal Products; Primary Metals; Transportation Equipment; Electrical Equipment, Appliances & Components; Chemical Products; Miscellaneous Manufacturing; Machinery; Computer & Electronic Products; Furniture & Related Products; and Food, Beverage & Tobacco Products. There were no industries reporting a decrease in production in April.

Production           %Better         %Same         %Worse         Net         Index
 
Apr 2010 49 44 7 +42 66.9
Mar 2010 36 53 11 +25 61.1
Feb 2010 32 54 14 +18 58.4
Jan 2010 38 51 11 +27 66.2

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