US manufacturing on the rise
Manufacturing activity improved in April. At 54.8 the purchasing manager’s composite index (PMI) rose 2.62 percent since March, remaining 8.21 percent below the level seen a year earlier.
Writer, The PaperEconomy Blog
'SoldAtTheTop' is not a pessimist by nature but a true skeptic and realist who prefers solid and sustained evidence of fundamental economic recovery to 'Goldilocks,' 'Green Shoots,' 'Mustard Seeds,' and wholesale speculation.
Pending home sales fall. Shutdown to blame?
Existing home sales fall 3.2 percent in October
Homebuilder activity flat in November
October Employment Situation Report: Better than September, still worse than 2007
Initial unemployment claims down, continued unemployment claims up
Subscribe Today to the Monitor
At 54.8 the purchasing manager’s composite index (PMI) rose 2.62% since March remaining 8.21% below the level seen a year earlier.
Respondents indicated that while there is still some slowness and caution, outlook was overall positive going forward:
"We expect our production levels to remain at the current level or increase over the next quarter." (Chemical Products)
"In general, demand remains strong for products, and we [are experiencing] more supply disruptions now than four to five months ago." (Machinery)
"The economy was off to a good start through the first quarter, but the European issues keep coming up as well as the recent disappointing jobs report. It appears that some of the early gains may be temporary." (Fabricated Metal Products)
"Warm weather in Midwest appears to have helped soft drink sales." (Food, Beverage & Tobacco Products)
"Positive increase in volume of sales and orders, and slight uptick in inventories, indicate the overall outlook remains robust through summer at least." (Miscellaneous Manufacturing)
"Sales are slowing." (Computer & Electronic Products)
"Business conditions on a national scale have a very positive outlook for the commercial metals we provide. At this point, we have outperformed each quarter's goal and anticipate a strong finish." (Primary Metals)
"Strong demand [compared to] previous year." (Plastics & Rubber Products)
"Business indicators suggest a stronger stability in overall environment. Production and orders are stable." (Transportation Equipment)
"Business conditions continue to improve." (Furniture & Related Products)
The Christian Science Monitor has assembled a diverse group of the best economy-related bloggers out there. Our guest bloggers are not employed or directed by the Monitor and the views expressed are the bloggers' own, as is responsibility for the content of their blogs. To contact us about a blogger, click here.To add or view a comment on a guest blog, please go to the blogger's own site by clicking on paper-money.blogspot.com.