ISM Manufacturing Index Rose to 61.1% in November
Tempe, AZ, December 1, 2021-The November Manufacturing Purchasing Manager Index (PMI) registered 61.1%, an increase of 0.3 percentage point from the October reading of 60.8%, according to the latest Manufacturing ISM Report On Business. This figure indicates expansion in the overall economy for the 18th month in a row after a contraction in April 2020.
The New Orders Index registered 61.5%, up 1.7 percentage points compared to the October reading of 59.8%.
The Production Index registered 61.5%, an increase of 2.2 percentage points compared to the October reading of 59.3%.
The Prices Index registered 82.4%, down 3.3 percentage points compared to the October figure of 85.7%.
The Backlog of Orders Index registered 61.9%, 1.7 percentage points lower than the October reading of 63.6%.
The Employment Index registered 53.3%, 1.3 percentage points higher compared to the October reading of 52%.
The Supplier Deliveries Index registered 72.2%, down 3.4 percentage points from the October figure of 75.6%.
The Inventories Index registered 56.8%, 0.2 percentage point lower than the October reading of 57%.
The New Export Orders Index registered 54%, a decrease of 0.6 percentage point compared to the October reading of 54.6%.
The Imports Index registered 52.6%, a 3.5-percentage point increase from the October reading of 49.1%.
The 13 manufacturing industries reporting growth in November-in the following order-are apparel, leather & allied products; furniture & related products; electrical equipment, appliances & components; computer & electronic products; machinery; plastics & rubber products; paper products; food, beverage & tobacco products; miscellaneous manufacturing; chemical products; petroleum & coal products; fabricated metal products; and transportation equipment. The two industries reporting a decrease in November compared to October are printing & related support activities and primary metals.