Marquette-ISM Report on Manufacturing rises to all-time high

Special to The Freeman

Nov. 26, 2014

MILWAUKEE – The Institute for Supply Management (ISM)- Milwaukee Production Manufacturing Index (PMI) for November has been revised to 70.25, up from the previous estimate of 68.93, indicating continued growth for manufacturers in southeastern Wisconsin and northern Illinois.

The index has been above 50 for 13 of the past 15 months. October’s index registered 65.61 and September registered 63.18.

This report is similar to the national report published by the Institute for Supply Management, but is not directly comparable.

Areas seeing growth since October include new orders, production, inventories, prices, backlog of orders, exports, and imports. Employment and customer inventories were reported as declining overall. Supplier deliveries were reported as slower.

Respondents indicated issues with continuing delays at the West Coast ports for imports from Asia which are extending lead times and/or causing increased costs via air-shipments. They also said that the main issue this at this time of the year is the holiday season and end of the year. 

Respondents said that year-end inventories are expected to build up and for the year-end budget spending to rise.

The report’s diffusion index, which tries to account for bias towards the positive or negative side, moved up from 48.8 percent to 67.9 percent.