than the 53 percent registered in June.
“Inventories these days,
through thick and thin
and any kind of environment, float up and down
a few points around the
fifty mark,” says Holcomb.
“It all means that inventories are well-balanced and have the right amount of
materials to satisfy these new orders and the backlog of
orders as well. It’s in a nice range at this time.”
Exports, Imports and Prices
ISM’s Exports Index, which refers to the exporting of finished products, registered at 48 percent in July.
The Imports Index, which refers to the importing of
raw materials to feed manufacturing, registered at 52
percent in July, which is 1.5 percentage points lower than
the 53.5 percent reported in June.
The ISM Prices Index registered at 52.0 percent in July.
This is 1.5 percentage points lower than the 53.5 percent
reported in June.
“Lower oil prices mean that it costs less to run our
factories and translates to lower input and commodity
prices, which is ultimately good for manufacturers,” says
The Employment Index saw a decrease of 2. 8 percentage
points from June when it registered at 52.7 percent.
The decrease in the Employment Index is a leading
indicator within the manufacturing sector, but Holcomb
says that he doesn’t think that number holds any particular significance.
“At 52.7 we’re still growing employment fast and
anytime that our number is above 50.6, then this generally corresponds with an uptick in the Bureau of Labor
Statistics figures that will come out later this week.”
For more information on the Institute for Supply Management, visit www.ism.ws.
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