U.S. Manufacturing: March Madness

Following six consecutive months of contraction, the U.S. manufacturing industry increased in March by a healthy 2.3 percentage points on the nation’s leading index. The Institute for Supply Management’s (ISM) PMI reached 51.8 percent from the February reading of 49.5. Any number above 50 indicates growth. The PMI is riding high on an increase in…

U.S. Manufacturing: Mixed Bag in October

The trifecta of a strong dollar, low oil prices and concerns about China continued to dog the U.S. manufacturing market in October. The domestic industry’s leading index, the Institute for Supply Management’s PMI, moved uncomfortably close to 50 — the dividing line between growth and contraction. The PMI in October measured 50.1 percent, down from…

July: Manufacturing Adjusts Growth Pace

After setting several high marks for the year to date in June, the domestic manufacturing industry adjusted its growth pace in July. A leading national manufacturing index, the Institute for Supply Management’s PMI, declined slightly from June to 52.7 percent. “The PMI was down 0.8 [percentage points] but still growing for the 31st consecutive month,”…

Taiwan Manufacturing Grows on Export Hike

In Taiwan, manufacturing activities rose in December to their highest level in almost three years, closing 2013 with a bang and pointing to continuing expansion in one of the electronics industry’s key production areas. A report from HSBC and Markit today said the Manufacturing Purchasing Managers’ Index (PMI) for Taiwan surged to 55.2 in December,…