ISM Report: Orders, Production & Employment On the Rise
03/15/2010
"While new orders and production were not as strong as they were in January, they still show significant month-over-month growth," Norbert J. Ore, CPSM, C.P.M., chair of the Institute for Supply Management Manufacturing Business Survey Committee, stated in a published report at the Wall Street Journal Online.
The Employment Index is up 2.8 percentage points for the month to 56.1 percent. That is the third consecutive month of growth, and the report notes the activity level may lead to more hiring.
The 11 manufacturing industries reporting growth in February are machinery, paper products, apparel, leather and allied products, computer and electronic products, miscellaneous manufacturing, transportation equipment, textile mills, plastics and rubber products, electrical equipment, appliances and components, fabricated metal and food, beverage and tobacco.
The five industries experiencing constriction are wood products, furniture and related products, primary metals, printing and related support activities and chemical products.
According to a Bloomberg report, production at factories, mines and utilities increased .1 percent in February, the eighth consecutive increase, according to Federal Reserve figures.
The newspaper article states that manufacturers, which make up about 12 percent of the economy, will likely continue to lead the recovery as equipment spend increases and there is greater demand from expanding global economies.
Project Announcements
Little Leaf Farms Plans Coffee County, Tennessee, Production Operations
07/02/2025
White Rock Truss & Components Expands Lee County, Virginia, Operations
07/02/2025
Fox Tank Company Plans Coshocton, Ohio, Operations
07/02/2025
Ascentek Expands Shreveport, Louisiana, Operations
07/02/2025
ProBio Establishes Hopewell, New Jersey, Gene Therapy Operations
07/02/2025
22nd Century Technologies Expands Fairfax County, Virginia, Headquarters Operations
07/02/2025
Most Read
-
20th Annual Area Development Gold and Silver Shovel Awards
Q2 2025
-
First Person: Joe Capes, CEO, LiquidStack
Q2 2025
-
The Legal Limits of DEI in Incentives Agreements, Hiring, and Contracting
Q2 2025
-
From Silicon to Server: Mapping the Data Center Supply Chain
Q2 2025
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
Rethinking Life Sciences Site Selection in a Resilient and Dynamic Market
Q2 2025
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024