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


More stories

Image

Omnova works out a deal with Barington Capital

February 20, 2015 10:25 am ET

Omnova Solutions has reached a truce in its battle with activist investor Barington Capital Group LP.
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