You must be registered to access the full content of this site. To register, click here.
Part Search
April PMI Report a Mixed Bag
Written by Administrator
Monday, 05 May 2008
TEMPE, AZ -- Manufacturing failed to grow for the third consecutive month in April as the PMI registered 48.6%, flat with March.
The good news: Backlogs grew, breaking six consecutive months of decline, and new export orders showed continued strength. Customers inventories dropped. The Computer and Electronic Products sector reported growth in April.
A PMI reading above 50% indicates that the manufacturing economy is generally expanding.
The general economy appears to be growing, however, as a PMI over 41.1%, over a period of time, generally indicates expansion. The year-to-date PMI is 49.1%.
ISM spokesman Norbert Ore stated, "The past relationship between the PMI and the overall economy indicates that the average PMI for January through April corresponds to a 2.5% increase in real gross domestic product. In addition, if the PMI for April is annualized, it corresponds to a 2.4% increase in real GDP annually.
"The manufacturing sector failed to grow in April as the PMI fell below 50% for the third consecutive month, he added. "Manufacturers are in a situation where both new orders and production are slowly declining, but prices continue to rise at highly inflationary rates."
For the month, backlogs were up 4 points to 51.5%, customer inventories dropped 6 points to 45%, new orders were flat at 46.5%, and production ticked up to 49.1%.
Need PCB prototypes fast?
Sunstone Circuits takes the pain out of prototyping! We are dedicated to making the online ordering of PCB prototypes simple, fast, and easy from quote to delivery. Quick access to our 24/7/365 customer service team and easy online order tracking takes the pain out of sourcing prototypes online.
Put us to the test - order Sunstone Circuits today!
PCB systems design teams face challenges with IP management and collaboration across multiple groups. This free Webinar highlights best practices that optimize these efforts across the design flow. Learn more!
Advanced Interconnections Corporation introduces Mezza-pede, SMT connectorsdesigned for 1 mm-pitch micro board-to-board and flex cable-to-board applications. With a low profile, the screw-machined system is well suited for numerous high reliability applications, such as providing power to tunable lasers. The pin and lead frame design is fully surface mountable, and Mezza-pede has a mated height of 4 mm. Features include screw-machined terminals with multi-finger contacts with a per contact current rating of greater than 1 Amp at 80° C. Mezza-pede comes in standard dual row 8- and 14- position models. Other pin counts and optional enhancements are offered. www.advanced.com
News 
