October Manufacturing ISM Report On Business®; PMI at 50.8%; New Orders, Production and Employment Growing; Supplier Deliveries Slowing; Inventories Contracting

New Export Orders(c)

ISM’s New Export Orders Index registered 50 percent in October, which is 3.5 percentage points lower than the 53.5 percent reported in September. This indicates exports were unchanged from September, and follows 28 consecutive months of growth in the New Export Orders Index.

The five industries reporting growth in new export orders in October are: Plastics & Rubber Products; Fabricated Metal Products; Miscellaneous Manufacturing; Computer & Electronic Products; and Chemical Products. The five industries reporting a decrease in new export orders during October are: Furniture & Related Products; Paper Products; Machinery; Food, Beverage & Tobacco Products; and Primary Metals. Eight industries reported no change in exports in October compared to September.

New Export Orders          

%
Reporting

    %Higher     %Same     %Lower     Net     Index
 
Oct 2011 76 14 72 14 0 50.0
Sep 2011 78 18 71 11 +7 53.5
Aug 2011 76 16 69 15 +1 50.5
Jul 2011 77 19 70 11 +8 54.0

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