The Manufacturing PMI Report from the Institute of Supply Management put in a good set of numbers today.
| Index | Dec | Nov | PP Change | Direction | Rate of Change | Trend in Months |
|---|---|---|---|---|---|---|
| PMI® | 54.7 | 53.2 | 1.5 | Growing | Faster | 3 |
| New Orders | 60.2 | 53.0 | 7.2 | Growing | Faster | 3 |
| Production | 60.3 | 56.0 | 4.3 | Growing | Faster | 3 |
| Employment | 53.1 | 52.3 | 0.8 | Growing | Faster | 2 |
| Supplier Deliveries | 52.9 | 55.7 | -2.8 | Slowing | Slower | 7 |
| Inventories | 47.0 | 49.0 | -2.0 | Contracting | Faster | 17 |
| Customers’ Inventories | 49.0 | 49.0 | 0.0 | Too low | Same | 2 |
| Prices | 65.5 | 54.5 | 11.0 | Increasing | Faster | 9 |
| Backlog of Orders | 49.0 | 49.0 | 0.0 | Contracting | Same | 5 |
| New Export Orders | 56.0 | 52.0 | 4.0 | Growing | Faster | 9 |
| Imports | 50.5 | 50.5 | 0.0 | Growing | Same | 2 |
Mike “Mish” Shedlock
