Manufacturing growth slows

March 1, 2012

Economic activity in the manufacturing sector expanded in February for the 31st consecutive month, although growth was slower than in January, according to the latest Institute for Supply Management Manufacturing Report On Business. ISM’s composite index of manufacturing activity, the PMI, dipped 1.7 percentage points to 52.4%. The new orders index dropped 2.7 points to 54.9%, while the production dipped four-tenths of a point to 55.3%. The new orders and production indexes are the PMI components that are most closely linked to near-term freight shipments.

Of the 18 manufacturing industries tracked, 11 reported growth in February, and three industries saw no change. The four industries reporting contraction in February are Furniture and related products; nonmetallic mineral products; plastics and rubber products; and electrical equipment, appliances and components.

Print Page

Click the link below to print a print-friendly page of the this analysis.

Print Page
Create Your Own Chart

Use our chart creator to generate charts using the data that was used in this analysis.

TruckGauge Chart Creator
Download TruckGauge Data

This functionality is only available to Premium Members. Please upgrade your account to gain access to the data used in this analysis.

Upgrade to a Premium Member
Thank you for choosing TruckGauge as your source for trucking intelligence and forecasting. Please visit www.truckgauge.com for new and updated information on trucking and business information.
  • Not A Member Yet? Click Here to Subscribe Today!
  • © 2011 TruckGauge

    |

    Privacy Policy

    |

    Terms and Conditions

    |

    Webmaster

    |

    Contact Us