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Dayton Business Journal...
Manufacturing sector ends 2011 on strong note
by Joe Cogliano, Senior Reporter
Tuesday, January 3, 2012 

Manufacturing in the U.S. continued to push upward in December. 

The PMI, an index used to measure the strength of the industry, jumped 1.2 percentage points to 53.9 percent last month, according to the latest report from the Institute for Supply Management. December’s figure marked the industry’s second straight month of higher numbers as well as the 29th consecutive month of being in growth mode. 

A reading above 50 percent indicates the manufacturing economy is generally in a period of expansion while a reading below 50 indicates a general contraction of the industry. 

“Manufacturing is finishing out the year on a positive note, with new orders, production and employment all growing in December at faster rates than in November, and with an optimistic view toward the beginning of 2012 as reflected by the panel in this month’s survey,” said Bradley Holcomb, chair of ISM’s Manufacturing Business Survey Committee. 

Half of the 18 manufacturing sectors reporting growth in December including apparel, leather and allied products; printing and related support activities; textile mills; petroleum and coal products; machinery; food, beverage and tobacco products; computer and electronic products; primary metals; and paper products. 

The nine industries reporting contraction in December are plastics and rubber products; nonmetallic mineral products; furniture and related products; chemical products; wood products; miscellaneous manufacturing; fabricated metal products; transportation equipment; and electrical equipment, appliances and components. 

Manufacturing is critical to the Dayton region because it represents 100,000 employees in the 12-county region surrounding Dayton and contributes $4.7 billion in annual payroll and $32 billion in annual sales, according to a Wright State University study commissioned by the Dayton Region Manufacturers Association, or DRMA. 

Read this and other articles at Dayton Business Journal


 
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