sector ends 2011 on
by Joe Cogliano, Senior Reporter
Tuesday, January 3, 2012
in the U.S. continued to
push upward in December.
PMI, an index used to measure the
strength of the industry, jumped 1.2 percentage points to 53.9 percent
month, according to the latest report from the Institute for Supply
December’s figure marked the industry’s second straight month of higher
as well as the 29th consecutive month of being in growth mode.
reading above 50 percent indicates
the manufacturing economy is generally in a period of expansion while a
below 50 indicates a general contraction of the industry.
is finishing out the
year on a positive note, with new orders, production and employment all
in December at faster rates than in November, and with an optimistic
toward the beginning of 2012 as reflected by the panel in this month’s
said Bradley Holcomb, chair of ISM’s Manufacturing Business Survey
of the 18 manufacturing sectors
reporting growth in December including apparel, leather and allied
printing and related support activities; textile mills; petroleum and
products; machinery; food, beverage and tobacco products; computer and
electronic products; primary metals; and paper products.
nine industries reporting
contraction in December are plastics and rubber products; nonmetallic
products; furniture and related products; chemical products; wood
miscellaneous manufacturing; fabricated metal products; transportation
equipment; and electrical equipment, appliances and components.
is critical to the
Dayton region because it represents 100,000 employees in the 12-county
surrounding Dayton and contributes $4.7 billion in annual payroll and
billion in annual sales, according to a Wright State University study
commissioned by the Dayton Region Manufacturers Association, or DRMA.
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