Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

U.S. Appliance Manufacturing Segment Reports Growth in June
Jul 2, 2010
 Printable format
 Email this Article
 Search

Economic activity in the U.S. manufacturing sector expanded in June for the 11th consecutive month while the overall economy grew for the 14th consecutive month, according to U.S. supply executives surveyed for the latest Manufacturing ISM Report On Business from the Institute for Supply Management.

The Electrical Equipment, Appliances & Components industry segment was one of the 13 (out of 18) manufacturing segments that reported growth in June.

This segment also reported June growth in:
• new orders
• production
• employment

"The manufacturing sector continued to grow during June; however, the rate of growth as indicated by the PMI slowed when compared to May," said Norbert J. Ore, CPSM, C.P.M., chair of the ISM Manufacturing Business Survey Committee. "The lower reading for the PMI came from a slowing in the New Orders and Production Indexes. We are now 11 months into the manufacturing recovery, and given the robust nature of recent growth, it is not surprising that we would see a slower rate of growth at this time.

"The sector appears to be solidly entrenched in the recovery," Ore added. "Comments from the respondents remain generally positive, but expectations have been that the second half of the year will not be as strong in terms of the rate of growth, and June appears to validate that forecast."

The 13 manufacturing industries reporting growth in June, in order, were:
• Plastics and Rubber Products
• Transportation Equipment
• Printing and Related Support Activities
• Computer and Electronic Products
• Electrical Equipment, Appliances & Components
• Paper Products
• Fabricated Metal Products
• Food, Beverage and Tobacco Products
• Furniture and Related Products
• Petroleum and Coal Products
• Nonmetallic Mineral Products
• Miscellaneous Manufacturing
• Chemical Products

The industries reporting contraction in June were:
• Apparel, Leather & Allied Products
• Wood Products
• Machinery

The June PMI was 56.2%, a decrease of 3.5 percentage points when compared to May's 59.7%. A reading above 50% indicates that the manufacturing economy is generally expanding; below 50% indicates that it is generally contracting.

Back to Daily News

 

Daily News

...........................................................

Apr 18, 2014: Spectrum Brands CEO Lumley Joins Husqvarna Board

Apr 17, 2014: GE Appliances 1Q Revenues Down 3%

Apr 17, 2014: Remodeling Growth Expected to Continue

Apr 17, 2014: HVAC/R Contractors Outlook Holds Steady

Apr 17, 2014: Appliance Store Sales Down Slightly in March

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows