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PMI: USA’s fremstillingsindustri tæt på stagnation

Morten W. Langer

mandag 23. maj 2016 kl. 16:16

PMI fremstilling USA – læs hele meddelelsen her

 

The U.S. manufacturing sector crept closer to stagnation in May, with the seasonally adjusted Markit Flash U.S. Manufacturing Purchasing Managers’ Index™ (PMI™ ) 1 registering only slightly above the neutral 50.0 mark at 50.5.

This was down from 50.8 in April and signalled only a marginal improvement in overall business conditions that was the weakest since the current upturn started in October 2009. A renewed fall in production was one key factor weighing on the headline index in May, alongside softer new order growth and further cuts to stocks of inputs

. 1 Please note that Markit’s PMI data, flash and final, are derived from information collected by Markit from a different panel of companies to those that participate in the ISM Report on Business. No information from the ISM survey is used in the production of Markit’s PMI. U.S. manufacturers signalled the first reduction in output since September 2009 in May, although the rate of decline was only marginal. A number of monitored firms mentioned that uncertainty around the general economic outlook had caused clients to delay spending decisions, which in turn prompted firms to trim their production schedules

Softer client demand was highlighted by a further slowdown in new business growth in May. Furthermore, the latest expansion in new order books was the weakest seen in 2016 so far. Data indicated that reduced foreign client demand had underpinned slower growth in overall new orders.

New export sales fell for the second month in a row, though the rate of reduction softened since April. A general lack of pressure on operating capacity was signalled by the latest survey data, with outstanding work at U.S. manufacturers falling for the fourth successive month in May. The rate of backlog depletion was unchanged from April’s postrecession record and moderate overall.

Despite slower growth of new orders, goods producers in the U.S. continued to add to their payroll numbers in May. The rate of employment growth was only slight, however, despite picking up from April’s 34- month low. Manufacturing firms continued to adopt relatively cautious inventory policies in the face of an uncertain business outlook and weaker new order growth.

Stocks of inputs declined for the sixth month running and at a rate that was only slightly weaker than in April. Meanwhile, inventories of finished items rose marginally in May, following a slight reduction in the previous month.

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