ISM's Production Index registered 51.3% in July 2012, which is an increase of 0.3 percentage point when compared to the 51% reported in June 2012. This indicates growth for the 38th consecutive month.
An index above 51.2%, over time, is generally consistent with an increase in the Federal Reserve Board's Industrial Production figures.
The four industries reporting growth in production during the month of July 2012 are: Plastics & Rubber Products; Fabricated Metal Products; Primary Metals and Food, Beverage & Tobacco Products.
The 10 industries reporting a decrease in production in July 2012 listed in order are: Nonmetallic Mineral Products; Wood Products; Textile Mills; Furniture & Related Products; Apparel, Leather & Allied Products; Petroleum & Coal Products; Miscellaneous Manufacturing; Chemical Products; Machinery and Transportation Equipment.
|Production||% Better||% Same||% Worse||Net||Index|
Source - Institute for Supply Management