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
Companies & Associations

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

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

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

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

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events