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U.S.Economy: 
ISM Index Rises to 44.8%
Author: 123jump.com Staff
123jump.com
Last Update: 10:22 AM ET July 01 2009

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Manufacturing contracted at a slower rate in June as the PMI registered 44.8%, which is 2 percentage points higher than the 42.8% reported in May. This is the 17th consecutive month of contraction in the manufacturing sector.

 
ISM''s New Export Orders Index registered 49.5 percent in June, 1.5 percentage points higher than the 48 percent reported in May. This is the ninth consecutive month of contraction in the New Export Orders Index.

The five industries reporting growth in new export orders in June are: Printing & Related Support Activities; Food, Beverage & Tobacco Products; Electrical Equipment, Appliances & Components; Fabricated Metal Products; and Miscellaneous Manufacturing. The eight industries that reported decreases in new export orders in June — listed in order — are: Nonmetallic Mineral Products; Apparel, Leather & Allied Products; Furniture & Related Products; Textile Mills; Computer & Electronic Products; Machinery; Transportation Equipment; and Chemical Products.

Imports

Imports of materials by manufacturers contracted during June as the Imports Index registered 46 percent, 3.5 percentage points higher than the 42.5 percent reported in May. This is the 17th consecutive month of contraction in imports.

Two of the 18 manufacturing industries reported growth in imports during the month of June: Nonmetallic Mineral Products; and Computer & Electronic Products. The seven industries that reported decreases in imports in June — listed in order — are: Plastics & Rubber Products; Apparel, Leather & Allied Products; Machinery; Furniture & Related Products; Transportation Equipment; Electrical Equipment, Appliances & Components; and Chemical Products.


Available at:


http://www.ism.ws/ISMReport/MfgROB.cfm
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