Archive for October, 2011
DO NOT CONFUSE THIS NATIONAL REPORT with the various regional purchasing reports released across the country. The national report’s information reflects the entire United States, while the regional reports contain primarily regional data from their local vicinities. Also, the information in the regional reports is not used in calculating the results of the national report. The information compiled in this report is for the month of September 2011.
Production, Employment and Inventories Growing
Supplier Deliveries Slower
New Orders Contracting
(Tempe, Arizona) — Economic activity in the manufacturing sector expanded in September for the 26th consecutive month, and the overall economy grew for the 28th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business®.
The report was issued today by Bradley J. Holcomb, CPSM, CPSD, chair of the Institute for Supply Management™ Manufacturing Business Survey Committee. “The PMI registered 51.6 percent, an increase of 1 percentage point from August, indicating expansion in the manufacturing sector for the 26th consecutive month, at a slightly higher rate. The Production Index registered 51.2 percent, indicating a return to growth after contracting in August for the first time since May of 2009. The New Orders Index remained unchanged from August at 49.6 percent, indicating contraction for the third consecutive month. The Backlog of Orders Index decreased 4.5 percentage points to 41.5 percent, contracting for the fourth consecutive month and reaching its lowest level since April 2009, when it registered 40.5 percent. Comments from respondents generally reflect concern over the sluggish economy, political and policy uncertainty in Washington, and forecasts of ongoing high unemployment that will continue to put pressure on demand for manufactured products.”
Source: Institute for Supply Management, December 2011
Released in “the Brief” October 11, 2011
Every March, it is a requirement that every newspaper and website in every town in the United States run a story about how much money American companies lose because people watch the NCAA basketball tournament instead of working.
Challenger, Gray, and Christmas, the consulting firm that makes such estimates, has tried their hand at other games recently, too. A couple years ago, they gave a number for fantasy football, saying the hobby costs companies $10.5 billion in lost wages. So, when I heard today that people play 200 million minutes of Angry Birds a day, I wanted to know if the company had ever looked into lost productivity resulting from those dastardly pigs and their winged assassins. Sadly and inexplicably, they haven’t. So, after looking at their methodology, I came up with my own estimate. Here it is.
Source: The Atlantic, Alexis Madrigal, September 2011
Released in “the Brief” September 20, 2011