MILWAUKEE - The latest
report on the state of manufacturing in southeastern Wisconsin
and northern Illinois revealed Monday that the industry has
improved slightly compared to June and July, but remains
of Supply Management Report on Manufacturing showed
manufacturing was at a seasonally adjusted level of 47.67 in
August. Any number under 50 indicates a constricting market.
However, in July the level was 47.12 and was 46.55 in June.
Respondents to the survey
said that busy weeks were often followed by slow ones and there
is continued pessimism about the long-term outlook. Also,
suppliers' delivery times remain poor, according to the
According to the survey,
areas of manufacturing that are improving are inventories and
backlogs of orders while new orders, production, employment,
prices, exports and imports are all declining.
The survey's respondents
also said orders have slowed from a few months ago in response
to lack of demand, there have been critical machine breakdowns
and near-term orders are volatile.
However, the positive
expectations for upcoming market conditions have improved when
compared to July. About 38.5 percent of respondents said they
expect positive conditions, while 53.8 percent expect conditions
to remain the same and 7.7 percent said they anticipate
conditions worsening. In July, 28.6 percent of respondents said
they felt positive conditions were on the horizon, while 57.1
percent said they expected conditions to remain the same and
14.3 percent expected conditions to worsen.