Milwaukee-area manufacturing sector shows strong growth in June

Special to The Freeman

June 30, 2014

MILWAUKEE – Milwaukee-area manufacturing activity showed positive growth during June, according to the Marquette-ISM Report on Manufacturing released Monday.

The report shows the seasonally adjusted Purchasing Managers Index was at 60.6 in June, down from 63.5 in May. Readings above 50 indicate growth, while below 50 indicates contraction. The index has been above 50 for eight of the past 10 months, with a significant jump in recent months from 47.3 in April to 63.5 in May.

The June survey respondents said new orders, production, employment and inventories were growing on a seasonally adjusted basis in June, but supplier deliveries slowed. According to the survey, on an unadjusted basis, customers’ inventories declined this month, while prices, backlog of orders, exports and imports showed growth.

Manufacturers reported blue collar employment growth was growing in June at 59.8 on the diffusion index, while white collar employment also showed growth at 51.2.

About 25 percent of those surveyed said they expect positive conditions in the second half of the year. The survey shows 62.5 percent expect conditions to remain the same, and 12.5 percent anticipate conditions worsening in the next six months.