ISM Manufacturing Report On Business: September 2013

Includes: FXR, IYJ, PRN, XLI
by: Sold At The Top

Today, the Institute for Supply Management released its latest report on business for the manufacturing sector indicating that manufacturing activity improved in September. At 56.2, the purchasing manager's composite index (PMI) rose 0.5% from August. It's climbing above the level seen a year earlier, giving an indication of improving conditions for manufacturing.

Respondent assessments still appear to be hopeful with several noting strength and positive outlook:

  • "Global sales generally trending moderately higher." (Textile Mills)
  • "Slight increase in demand. Forecast looks better. Q4 looking better than Q3 -- should begin to see demand increase in October/November." (Food, Beverage, and Tobacco Products)
  • "Raw materials shortages continue. General trends are up, which enhances shortage issues." (Wood Products)
  • "Overall business is flat to down across the board." (Machinery)
  • "Housing continues to improve, resulting in improved conditions for our industry." (Furniture and Related Products)
  • "Rising costs of China labor has us re-evaluating our current position in that country." (Computer and Electronic Products)
  • "Steady increase in work this month." (Primary Metals)
  • "Overall business is picking up." (Transportation Equipment)
  • "Outlook remains strong with housing market and customer orders." (Electrical Equipment, Appliances, and Components)
  • "Labor rates along the Gulf Coast are rising with the increased activity of construction and maintenance projects." (Chemical Products)