''Significant recovery'' for most of US manufacturing sector

7 January 2011

9 January 2011 | Angeline Albert

Activity in both the US’s manufacturing and non-manufacturing sectors was positive last month as economic conditions improved.

Economic activity in the US manufacturing sector expanded in December for the 17th consecutive month, according to supply executives.

The Institute forSupply Management’s Manufacturing ISM Report On Business showed that of the 18 manufacturing industries, 11 reported growth in December, with clothing, metals, food, computers, electronics and machinery showing strength. Only four industries reported contraction last month.

A PMI of 57 score of in December, shows a slight boost in comparison to November’s reading of 56.6. Both were above the crucial 50 no-change mark.

There was also strong growth in new orders and production. ISM’s New Orders Index registered 60.9 in December - an increase of 4.3 points on November. Ten industries reported growth in new orders last month.

Norbert Ore, chairman of the ISM Manufacturing business survey committee said: “We saw significant recovery for much of the US manufacturing sector in 2010. The recovery centered on strength in autos, metals, food, machinery, computers and electronics, while those industries tied primarily to housing continue to struggle. Additionally, manufacturers that export have benefitted from both global demand and the weaker dollar.”

Overall the US economy grew for the 20th consecutive month.

The Non-ManufacturingISM Report On Business showed growth in December for the 12th consecutive month. The NMI (Non-Manufacturing Index) registered 57.1 in December, 2.1 points higher than November. The New Orders Index increased 5.3 points to 63 on the month before.

GBP70000 - GBP80000 per annum + Bonus + Benefits
Bramwith Consulting
West Sussex
GBP45000 - GBP50000 per annum + Bonus + Benefits
Bramwith Consulting
CIPS Knowledge
Find out more with CIPS Knowledge:
  • best practice insights
  • guidance
  • tools and templates