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August 2010 Manufacturing ISM Report On Business®

August 2010 Manufacturing ISM Report On Business® – PMI at 56.3%. New Orders, Production and Employment Growing, Supplier Deliveries Slower, Inventories Growing

  • “Economic activity in the manufacturing sector expanded in August for the 13th consecutive month, and the overall economy grew for the 16th 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, CPSM, C.P.M., chair of the Institute for Supply Management™ Manufacturing Business Survey Committee. “Manufacturing activity continued at a very positive rate in August as the PMI rose slightly when compared to July. In terms of month-over-month improvement, the Production and Employment Indexes experienced the greatest gains, while new orders continued to grow but at a slightly slower rate. August represents the 13th consecutive month of growth in U.S. manufacturing.”
  • See also WSJ: World-Wide Factory Activity by Country
  • Related postings on financial system
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