ISM Index (formerly NAPM) +++...
Many thanks, sun-tzu.
Have a good one.
Di
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Larry McMillan: "After the Month-End Buying, What Next?", 2/1/02:
...http://www.worldlyinvestor.com/article_display.cfm?article_id=35382
ISM Index (formerly NAPM):
...http://www.ism.ws/ISMReport/ROB022002.cfm <---details
Analyses:
...http://www.dismal.com/dismal/affiliates/usa_today/gen_calendar.asp <---main link
...http://www.dismal.com/dismal/affiliates/usa_today/gen_release.asp?r=usa_napm ...ISM Index
Charts:
...http://www.martincapital.com/charts.htm <--- main link
...http://www.martincapital.com/chart-pgs/CH_indus.HTM ...Industrial Activity
...http://www.martincapital.com/chart-pgs/CH_conco.HTM ...Consumer Confidence
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Selected highlights, rearranged some.
>>>FOR RELEASE: 10:00 A.M. ET FEBUARY 1, 2002
January Manufacturing ISM Report On Business®
PMI at 49.9%
New Orders, Production Growing
Supplier Deliveries Slower
Employment, Inventories Decline
Exports, Imports Growing
(Tempe, Arizona) – Economic activity in the manufacturing sector declined for the 18th consecutive month in January while the overall economy grew for the third 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™'s Manufacturing Business Survey Committee and group director, strategic sourcing and procurement, Georgia-Pacific Corporation.
"While the manufacturing sector experienced a decline in January, it is encouraging that the rate of decline has slowed to its lowest measurable level. In January, new orders, production, and supplier deliveries provided positive indications of a potential return to growth in the manufacturing sector, while employment and inventories continued to constrain the PMI.
Eight industries showed improvement in new orders and four of those – leather; wood & wood products; instruments & photographic equipment; and transportation & equipment were quite strong. The manufacturing sector continues to make significant progress toward recovery."
ISM’s Backlog of Orders Index indicates that order backlogs declined for the 21st consecutive month. ISM’s Supplier Deliveries Index reversed direction and reflects slower deliveries after 10 months of faster deliveries. Manufacturing employment continued to decline in January as the index fell below the breakeven point (an index of 50 percent) for the 16th consecutive month. ISM’s Prices Index remained below 50 percent as manufacturers experienced lower prices for the 11th consecutive month. New Export Orders grew in January after four consecutive months of decline. January’s Imports Index moved upward and registered growth for the second month. Comments from purchasing and supply executives this month reflect many concerns with regard to continuing softness within their industry. However, there is a sense that orders are beginning to build and that manufactures are starting to plan for increased business in the months ahead.
ISM's PMI is 49.9 percent in January, an increase of 1.8 percentage points from the 48.1 percent reported in December. ISM's New Orders Index declined slightly from 55.5 percent in December to 55.3 percent in January. ISM's Production Index rose 1.7 percentage points from 50.3 percent in December to 52 percent in January. The ISM Employment Index is at 42.6 percent for January, an increase of 3.4 percentage points when compared to the 39.2 percent reported in December.
ISM's Supplier Deliveries Index rose to 51.7 percent from 48 percent in December. ISM's Inventories Index is 40.5 percent. ISM’s Customers' Inventories Index declined slightly to 43.5 percent from December’s 44 percent indicating a faster rate of inventory liquidation when compared to December. ISM's Prices Index in January is 43.9 percent, an increase of 10.7 percentage points from December’s 33.2 percent. ISM’s Backlog of Orders Index rose from 39.5 percent in December to 44.5 percent in January.
ISM's New Export Orders Index registered 50.8 percent, up 3.2 percentage points from December’s 47.6 percent. Imports of materials by manufacturers grew, as ISM's Imports Index is 52.1 percent for the month, up from December’s 50.3 percent.
"The overall picture shows improvement in manufacturing activity during the month of January," added Ore. "While the manufacturing decline is now in its 18th month, some industries are starting to show significant signs of recovery as both new orders and new export orders are improving. Though prices continue to decline, a slower rate of decline indicates that some industries are, or should be shortly, developing pricing power."
Of the 20 industries in the manufacturing sector, three industries reported growth: Leather; Wood & Wood Products; and Transportation & Equipment.
"There were no reports of commodities in short supply or up in price. The commodities reported down in price are: Aluminum, Caustic Soda, Copper, Corrugated Containers, Electricity, Energy, Linerboard, Methanol, Natural Gas, Newsprint, Paper, Plastic, Polyethylene, and Steel," Ore stated.<<< |
