10142019Mon
Last updateFri, 11 Oct 2019 2pm

Manufacturing & The Economy

ISM: Manufacturing PMI Lowest in a Decade

 Manufacturing contracted in September, as the PMI registered 47.8%, a decrease of 1.3% from the August reading of 49.1%. This is the lowest reading since June 2009, the last month of the Great Recession, when the index registered 46.3%.

“The PMI contracted for the second straight month. The contraction continues six straight months of softening in manufacturing. Only one of the PMI sub-indexes (supplier deliveries) registered at a level associated with expansion. Two of the six big industries expanded, and four contracted,” says Timothy R. Fiore, Chair of the Institute for Supply Management (ISM) Manufacturing Business Survey Committee.

Subscribe SUM19

FREE SUBSCRIPTION*

• Print magazine
Digital magazine
• VALVE eNews
Read the latest issue

*to qualified valve professionals in the U.S./Canada

Looking for a career in the Valve Industry?

ValveCareers Horiz

To learn more, visit the Valve Careers YouTube channel to watch the videos below or visit ValveCareers.com a special initiative of the Valve Manufacturers Association

  • Latest Post

  • Popular

  • Links

  • Events

New Products