US manufacturing output rises in September

Published: October 2, 2012 6:00 am ET

Related to this story

Topics Automotive
Companies & Associations

WASHINGTON (Oct. 2, 8 a.m. ET) — US manufacturing output grew last month, prompting some observers to suggest the country’s economy was stabilizing after three months of contraction.

An index compiled by the Arizona-based Institute of Supply Management (IMS) rose to 51.5 last month, from 49.6 in August — the dividing line between expansion and contraction is 50.

News agency Bloomberg reported that figures showed US factories were holding up in the face of a global economic slowdown that has weakened manufacturing from Asia to Europe.

“Mostly resilient” automotive sales could be allowing production to keep “holding the water line,” Sean Incremona, senior economist at 4Cast Inc. in New York, said.

However, “there’s really too much policy uncertainty to make manufacturing considerably stronger”, he told Bloomberg.

Estimates for the index from the 76 economists surveyed by the IMS ranged from 48 to 51.2.

Earlier this week the latest Markit/CIPS Purchasing Manager’s Index found that United Kingdom manufacturing output had dipped in September.


Comments

US manufacturing output rises in September

Published: October 2, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Improvements to Radici's nylon line takes it into more applications

March 27, 2015 9:00 am ET

Radici Group, the Italian-headquartered materials firm, outlined the benefits of its Radilon and Radistrong nylon products at NPE 2015.    More

Image

DuPont exec: Still lots of lightweighting needed in the auto industry

March 23, 2015 6:00 am ET

In that role, Jeffrey Sternberg is responsible for bringing the breadth of DuPont advanced materials — as well as renewably sourced materials...    More

Image

How Faurecia made over a relic

March 23, 2015 6:00 am ET

Everything about Faurecia SA's interior trim plant in Saline, Mich., is big.    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events