Tempe, AZ, December 1, 2005--Economic activity in the manufacturing sector grew in November for the 30th consecutive month, while the overall economy grew for the 49th 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 expanded in November based on the ISM data. The PMI again showed significant strength in manufacturing activity as the index indicates strong growth during the month. The New Orders and Production indexes continue to drive the sector. While energy costs and supply interruptions remain a concern, purchasers are satisfied in general with current business conditions."
The 17 industries reporting growth in November--listed in order--are: Apparel; Rubber & Plastic Products; Electronic Components & Equipment; Tobacco; Textiles; Miscellaneous; Primary Metals; Food; Paper; Chemicals; Industrial & Commercial Equipment & Computers; Instruments & Photographic Equipment; Furniture; Transportation & Equipment; Fabricated Metals; Glass, Stone & Aggregate; and Printing & Publishing.
"The hurricanes along the Gulf Coast are still impacting the supply and delivery of some products and materials." (Chemicals)
"Our business has held strong through the third quarter and we are on track for a record sales year." (Electronic Components & Equipment)
"Our production is sold out for the rest of the year. Spare parts are difficult to get due to long leadtimes. (Glass, Stone & Aggregate)
"Concerned that business will be slowing due to housing decline." (Industrial & Commercial Equipment & Computers)
"The hurricanes destroyed many trucks ... [which resulted in] extra business." (Transportation & Equipment)
