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- US: Apr mfg ISM text:
US: Apr mfg ISM text:
"The recent trend of rapid growth in the manufacturing sector continued in April as the PMI registered above 60 percent for the fourth consecutive month. The New Orders and Production Indexes continue to drive the PMI, as they have both exceeded 60 percent for five consecutive months. Manufacturing employment appears to have developed significant momentum, as the Employment Index readings for the first four months of 2011 are the highest readings in the last 38 years. Inventory growth also took place in April after two months of destocking; however, the inventory restocking would appear to be necessitated by the strong performance in new orders. While the manufacturing sector is definitely performing above most expectations so far in 2011, manufacturers are experiencing significant cost pressures from commodities and other inputs." 17/18 are reporting growth. WHAT RESPONDENTS ARE SAYING: "Rapidly rising raw material costs putting extreme pressure on profits." (Food, Beverage & Tobacco Products) "Plastic resin product prices are climbing fast."
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