Repost: July 2019 Manufacturing ISM® Report On Business®

August 1, 2019

 

Economic activity in the manufacturing sector expanded in July, and the overall economy grew for the 123rd consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

 

PMI® at 51.2%

 

“The past relationship between the PMI® and the overall economy indicates that the PMI® for July (51.2 percent) corresponds to a 2.5-percent increase in real gross domestic product (GDP) on an annualized basis,” 

 

New Orders, Production, and Employment Growing

 

Supplier Deliveries Slowing at a Faster Rate;
 
Backlog Contracting 
 
Raw Materials Inventories Contracting;
 
Customers’ Inventories Too Low

 

Prices Decreasing; Exports and Imports Contracting
 
LINK TO PMI REPORT HERE

 

 

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Artisan Logistics Inc | 1 Windsor Cove | Ste 403 | Columbia | SC | 29223

  

Phone: 803-712-4931 | Fax:  803-712-4922 | Email: ops@artisanlogistics.com

 

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