The Final US Markit Manufacturing PMI increased to 54.1 in November of 2016 from 53.4 in October.
As well, producer prices in the United States is expected to be 111.30 Index Points by the end of this quarter, according to Trading Economics.
Economic activity in the manufacturing sector expanded in November, and the overall economy grew for the 90th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.
The report was issued today by Bradley J. Holcomb, CPSM, CPSD, chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee.
“The November PMI® registered 53.2 per cent, an in- crease of 1.3 percentage points from the October reading of 51.9 percent. The New Orders Index registered 53 per cent, an increase of 0.9 percentage point from the October reading of 52.1 percent. The Production Index registered 56 per cent, 1.4 percentage points higher than the October reading of 54.6 per cent.
The Employment Index registered 52.3 per cent, a decrease of 0.6 percentage point from the October reading of 52.9 per cent. Inventories of raw materials registered 49 per cent, an increase of 1.5 percentage points from the October reading of 47.5 per cent.
The Prices Index registered 54.5 per cent in November, the same reading as in October, indicating higher raw materials prices for the ninth consecutive month.
US Manufacturing Index, Producer Prices: 3Q 2016
RESPONDENTS COMMENTS:
- Raw materials have been rather flat. Ramping up for year-end and reducing inventory is main supply chain goal at this time.” (Chemical Products)
- Strong manufacturing numbers in anticipation of strong year-end bookings.” (Computer & Electronic Products) orders.” (Plastics & Rubber Products)
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Heading into 2017, our business levels look pretty consistent compared to 2016.” (Primary Metals)
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Sector remains strong, orders and forecasts are consistent and demand outlook is positive.” (Food, Beverage & Tobacco Products)
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New spec buildings going up in our area. Local companies adding additional production space which equates to higher employment.” (Machinery)
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Business conditions are good. Labor market is tightening such that it is difficult to staff to com- pletely fulfill production demand.” (Miscellaneous Manufacturing)
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We are seeing an upswing in customer Requests for Quotations this month; this is a positive sign for our business.” (Textile Mills)
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Continued strong seasonal demand for product.” (Nonmetallic Mineral Products)
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2017 is looking to be a very busy year.” (Fabricated Metal Products).
https://www.instituteforsupplymanagement.org/ ismreport/mfgrob.cfm?SSO=1