C Marshall Fabrication Machinery, Inc.

November 2013 Manufacturing ISM Report On Business®

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FOR RELEASE: December 2, 2013

Contact: Rose Marie Goupil
ISM, ROB Media Relations
Tempe, Arizona
800/888-6276, Ext. 3015
E-mail: rgoupil@ism.ws


PMI™ at 57.3%

DO NOT CONFUSE THIS NATIONAL REPORT with the various regional purchasing reports released across the country. The national report’s information reflects the entire United States, while the regional reports contain primarily regional data from their local vicinities. Also, the information in the regional reports is not used in calculating the results of the national report. The information compiled in this report is for the month of November 2013.

New Orders, Production and Employment Growing
Inventories Growing
Supplier Deliveries Slowing

(Tempe, Arizona) — Economic activity in the manufacturing sector expanded in November for the sixth consecutive month, and the overall economy grew for the 54th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business®.

The report was issued today by Bradley J. Holcomb, CPSM, CPSD, chair of the Institute for Supply Management™ Manufacturing Business Survey Committee. “The PMI™ registered 57.3 percent, an increase of 0.9 percentage point from October’s reading of 56.4 percent. The PMI™ has increased progressively each month since June, with November’s reading reflecting the highest PMI™ in 2013. The New Orders Index increased in November by 3 percentage points to 63.6 percent, and the Production Index increased by 2 percentage points to 62.8 percent. The Employment Index registered 56.5 percent, an increase of 3.3 percentage points compared to October’s reading of 53.2 percent. This reflects the highest reading since April 2012 when the Employment Index registered 56.8 percent. With 15 of 18 manufacturing industries reporting growth in November relative to October, the positive growth trend characterizing the second half of 2013 is continuing.”

Of the 18 manufacturing industries, 15 are reporting growth in November in the following order: Plastics & Rubber Products; Textile Mills; Furniture & Related Products; Primary Metals; Food, Beverage & Tobacco Products; Paper Products; Printing & Related Support Activities; Petroleum & Coal Products; Miscellaneous Manufacturing; Electrical Equipment, Appliances & Components; Transportation Equipment; Chemical Products; Computer & Electronic Products; Nonmetallic Mineral Products; and Fabricated Metal Products. The three industries reporting contraction in November are: Apparel, Leather & Allied Products; Wood Products; and Machinery.

  • “Seasonal demand has not decreased at the typical pace.” (Primary Metals)
  • “Incoming order rate remaining strong.” (Fabricated Metal Products)
  • “Outlook for the remainder of the year and into 2014 is trending positive.” (Chemical Products)
  • “Overall business climate is good. Business is steady.” (Transportation Equipment)
  • “Sequestration and cutbacks in defense spending continue to impact business.” (Computer & Electronic Products)
  • “Market continues to be stronger than normal for this time of year.” (Wood Products)
  • “Getting much busier toward the end of the year.” (Furniture & Related Products)
  • “Seeing consistent uptick in demand.” (Food, Beverage & Tobacco Products)
  • “Federal debt, deficit and inefficiency are causing a level of caution and uncertainty.” (Machinery)
  • “Ordering for 2014 seems to be increasing in comparison to the past six months.” (Miscellaneous Manufacturing)
Index Series
Direction Rate
PMI™ 57.3 56.4 +0.9 Growing Faster 6
New Orders 63.6 60.6 +3.0 Growing Faster 6
Production 62.8 60.8 +2.0 Growing Faster 6
Employment 56.5 53.2 +3.3 Growing Faster 5
Supplier Deliveries 53.2 54.7 -1.5 Slowing Slower 5
Inventories 50.5 52.5 -2.0 Growing Slower 2
Customers’ Inventories 45.0 47.0 -2.0 Too Low Faster 24
Prices 52.5 55.5 -3.0 Increasing Slower 4
Backlog of Orders 54.0 51.5 +2.5 Growing Faster 2
Exports 59.5 57.0 +2.5 Growing Faster 12
Imports 55.0 55.5 -0.5 Growing Slower 10
OVERALL ECONOMY Growing Faster 54
Manufacturing Sector Growing Faster 6

*Number of months moving in current direction.

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© C Marshall Fabrication Machinery, Inc. 2013


C Marshall Fabrication Machinery, Inc.