For Distributors Only

Manufacturing growing faster than general economy

November was 28th consecutive month of expansion

January 11, 2012
/ Print / Reprints /
ShareMore
/ Text Size+
The manufacturing sector continued to expand in November, the 28th consecutive month of expansion, according to the latest Manufacturing ISM Report on Business. According to the Institute for Supply Management, the Purchasing Managers Index was 52.7 percent, 1.9 percentage points higher than October’s reading.

“A very strong improvement in new orders and production paints a rosy picture for near-term manufacturing activity,” said Daniel J. Meckstroth, chief economist for MAPI.

“In addition, strong gains in motor vehicle production, capital equipment production, and oil field goods continue to drive moderate industrial growth.

Still recovering

“The fact that manufacturing is growing faster than the general economy, though, is unsurprising since the industrial sector is still catching up,” he added. “Manufacturing production has recovered only a bit over one-half of its loss from the 2008-2009 recession, in contrast to full recovery in GDP for the economy at large in the third quarter of 2011.

Of the 18 manufacturing industries, eight are reporting growth in November, in the following order: Wood Products; Textile Mills; Petroleum & Coal Products; Primary Metals; Food, Beverage & Tobacco Products; Computer & Electronic Products; Apparel, Leather & Allied Products; and Paper Products.

The nine industries reporting contraction in November — listed in order — are: Miscellaneous Manufacturing; Nonmetallic Mineral Products; Plastics & Rubber Products; Printing & Related Support Activities; Electrical Equipment, Appliances & Components; Chemical Products; Fabricated Metal Products; Transportation Equipment; and Machinery.

Did you enjoy this article? Click here to subscribe to ISHN.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

Scenes from the World of Safety

Sights, signs & symbols from the National Safety Congress & Expo held in San Diego, CA, September 15-18

12/11/14 11:00 am EST

Why Flame Resistant Workwear? Understanding Workplace Hazards and OSHA Compliance

By defining the leading causes of flash fires, electric arc and molten metal splatter, we will address the ways in which companies can better protect their employees from such hazards through proper staff outfitting. In the topic, we will discuss the benefits of – and recent developments to – flame-resistant workwear and what to consider when creating a program for your employees.

ISHN Magazine

ISHN1214_cover.jpg

2014 December

Check out ISHN's last issue of the year, which features articles about distance learning, foot protection and confined space.

Table Of Contents Subscribe

THE ISHN STORE

M:\General Shared\__AEC Store Katie Z\AEC Store\Images\ISHN\safetyfourth.jpg
Safety Engineering, 4th Edition

A practical, solutions-driven reference, Safety Engineering, 4th edition, has been completely revised and updated to reflect many of today’s issues in safety.

More Products

For Distributors Only - SEPTEMBER 2014

ISHN FDO SEPTEMBER 2014For Distributors Only is ISHN's niche brand standard-sized magazine supplement aimed at an audience of 2,000 U.S. distributors that sell safety products. Circulation only goes to distributors. CHECK OUT THE SEPTEMBER 2014 ISSUE OF FDO HERE

STAY CONNECTED

Facebook logo Twitter YouTubeLinkedIn Google + icon

ishn infographics

2012 US workplace deathsCheck out ISHN's new Infographic page! Learn more about worker safety through these interactive images. CLICK HERE to view the page.