US Manufacturing ISM Expansion Continues for 15 Consecutive Months

US manufacturing continued its expansion for the 15th consecutive month. It has been in expansion since May of 2013 when it registered 50.0.

Manufacturing ISM Index

For details, lets turn to the August 2014 Manufacturing ISM® Report On Business®.

ISM at a Glance

Series Data Aug Index Jul Index Percentage Point Change Direction Rate of Change Trend (Months)
PMI™ 59.0 57.1 1.9 Growing Faster 15
New Orders 66.7 63.4 3.3 Growing Faster 15
Production 64.5 61.2 3.3 Growing Faster 6
Employment 58.1 58.2 -0.1 Growing Slower 14
Supplier Deliveries 53.9 54.1 -0.2 Slowing Slower 15
Inventories 52.0 48.5 3.5 Growing From Contracting 1
Customers' Inventories 49.0 43.5 5.5 Too Low Slower 33
Prices 58.0 59.5 -1.5 Increasing Slower 13
Backlog of Orders 52.5 49.5 3.0 Growing From Contracting 1
Exports 55.0 53.0 2.0 Growing Faster 21
Imports 56.0 52.0
4.0 Growing Faster 19

This was a solid report.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific.