Manufacturing Sector Registers Growth for 110th Consecutive Month
Tempe, AZ, July 2, 2018-The June Purchasing Managers’ Index registered 60.2%, an increase of 1.5 percentage points from the May reading of 58.7%, according to the latest Manufacturing ISM Report On Business.
The New Orders Index registered 63.5%, a decrease of 0.2 percentage point from the May reading of 63.7%.
The Production Index registered 62.3%, a 0.8 percentage point increase compared to the May reading of 61.5%.
The Employment Index registered 56%, a decrease of 0.3 percentage point from the May reading of 56.3%.
The Supplier Deliveries Index registered 68.2%, a 6.2 percentage point increase from the May reading of 62%.
The Inventories Index registered 50.8%, an increase of 0.6 percentage point from the May reading of 50.2%.
The Prices Index registered 76.8% in June, a 2.7 percentage point decrease from the May reading of 79.5%, indicating higher raw materials prices for the 28th consecutive month.
Of the 18 manufacturing industries, 17 reported growth in June, in the following order: textile mills; wood products; nonmetallic mineral products; printing & related support activities; electrical equipment, appliances & components; fabricated metal products; computer & electronic products; food, beverage & tobacco products; paper products; transportation equipment; furniture & related products; machinery; primary metals; miscellaneous manufacturing; chemical products; petroleum & coal products; and plastics & rubber products. No industry reported a decrease in June compared to May.