Manufacturing slowdown in the US continues

PLASTICS & RUBBER WEEKLY

Published: May 27, 2013 9:47 am ET
Updated: May 27, 2013 9:49 am ET

Related to this story

Topics Financial

A slowdown in US manufacturing activity is continuing, according to new figures.

The Markit Flash US Manufacturing Purchasing Managers' Index fell for the second month running in May, dipping to 51.9 from April's 52.1, but still above the crucial 50-mark, below which suggests contraction.

Output growth in the US is now at a seven-month low, the figures also reveal.

However new order growth has picked up since April, reflecting gains in the domestic market as manufacturers reported renewed declines in new export orders, Markit reported.

Commenting on the data, Markit's chief economist Chris Williamson said slow growth could be linked to a combination of fiscal drag hurting demand at home, "while at the same time many export markets remain in fragile states. The latter led to a renewed decline in export orders in May.

"There was also disappointing news in relation to job creation. With employment growing at the slowest rate since last October, the survey suggests that the Fed cannot risk tapering its stimulus any time soon."

The latest Markit data comes a day after it emerged that China's manufacturing sector was also feeling the pinch.


Comments

Manufacturing slowdown in the US continues

PLASTICS & RUBBER WEEKLY

Published: May 27, 2013 9:47 am ET
Updated: May 27, 2013 9:49 am ET

Post Your Comments


Back to story

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report provides analysis and discussions of economic and political conditions, market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as strategies being implemented by thermoformed packaging companies. In addition, there are reviews of 25 leading thermoformers in the packaging segment, assessing their growth initiatives and performance metrics over 10 years.

Learn more

Automotive Market Review and Outlook 2014 The Americas

This 75-page report features in-depth analysis of the automotive industry for the Americas. It includes discussions of market trends, legislative/regulatory activity impacting production and threats as well as design strategies being implemented by the major automakers. Detailed charts and data tables outline North American automotive production over the last five years.

Learn more

Plastics Building & Construction Market Review and Outlook 2014 with MS Excel chart data

This report provides in-depth analysis of the plastic building and construction market for North America, including discussions of trends, opportunities, threats and the latest developments in construction trends that impact plastics processors.

Learn more

Upcoming Plastics News Events

May 6, 2014 - May 8, 2014Plastics in Medical Devices 2014

May 12, 2014 - May 12, 2014Plastics News Brazil Pharma Summit

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

February 3, 2015 - February 7, 2015Plastics News Executive Forum 2015

More Events