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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.
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Business Journal
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