Industry Headlines

Industry News: PMI Soars

TEMPE, AZ-The Institute for Supply Management reported that manufacturing activity increased in April with the manufacturing index hitting its highest mark since last May. On the other hand, commodities prices continue to rise at a rapid rate, with metals and energy being the areas of greatest concern.

IMS reported that in April the manufacturing index hit the highest rate in 11 months, registering 54.7%, an increase of 3.8 percentage points when compared to March’s reading of 50.9%. A reading above 50% indicates that the manufacturing economy is generally expanding; below 50% indicates that it is generally contracting.

Also in April, IMS reported that the prices component of the index surged to its highest since last July, registering 73%, indicating manufacturers are paying higher prices on average when compared to March. Prices rose for all reported commodities including gasoline, aluminum, diesel fuel, corn and steel.

Did you enjoy this article? Click here to subscribe to Quality Magazine. 

You must login or register in order to post a comment.

Multimedia

Videos

Podcasts

Karen Spencer, Clinkenbeard's quality manager, discusses what makes the plant stand out, advice for other plants, and looks to the future.
More Podcasts

Quality Magazine

CoverImage

2015 May

The May 2015 edition of Quality Magazine includes articles on cloud technologies, depth gages, ISO 9001, digital inspection and cool new products.

Table Of Contents Subscribe

Topics to Talk About

What topics would you like to see Quality cover more?
View Results Poll Archive

Clear Seas Research

qcast_ClearSeas_logo.gifWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

STAY CONNECTED

Facebook2015_40 twitter_40px.png  youtube_40px.pnglinkedin_40px.png  GooglePlus_40

eNewsletters