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(June 2009) - PMI rises to 44.8 pct but New orders contracted to 49.2 pct from May high of 51.1 pct

WHAT RESPONDENTS ARE SAYING ...
  • "Customer inventory burn is complete and real demand has reappeared." (Machinery)
  • "... a lot of people are requoting old business and using favorable pricing to negotiate with their current suppliers." (Computer & Electronic Products)
  • "Banks are reluctant to lend to businesses, and until this changes the economy will continue to be weak." (Fabricated Metal Products)
  • "Slow June, but firm large orders in July, August and September." (Food, Beverage & Tobacco Products)
  • "Market appears to have bottomed out as aftermarket has picked up slightly over the past month." (Transportation Equipment)
MANUFACTURING AT A GLANCE
JUNE 2009


Index		 Series
Index
June		 Series
Index
May		 Percentage
Point
Change

Direction		 Rate
of
Change
Trend*
(Months)
PMI 44.8 42.8 +2.0 Contracting Slower 17
New Orders 49.2 51.1 -1.9 Contracting From Growing 1
Production 52.5 46.0 +6.5 Growing From Contracting 1
Employment 40.7 34.3 +6.4 Contracting Slower 11
Supplier Deliveries 50.6 49.8 +0.8 Slower From Faster 1
Inventories 30.8 32.9 -2.1 Contracting Faster 38
Customers' Inventories 43.5 46.0 -2.5 Too Low Faster 3
Prices 50.0 43.5 +6.5 Unchanged From Decreasing 1
Backlog of Orders 47.5 48.0 -0.5 Contracting Faster 14
Exports 49.5 48.0 +1.5 Contracting Slower 9
Imports 46.0 42.5 +3.5 Contracting Slower 17
             
OVERALL ECONOMY Growing Faster 2
Manufacturing Sector Contracting Slower 17
*Number of months moving in current direction.

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