with an increase in the Bureau of Labor Statistics (BLS) data on
manufacturing employment.
Of the 18 manufacturing industries, nine reported growth in employment
in December in the following order: Apparel, Leather & Allied Products;
Primary Metals; Fabricated Metal Products; Food, Beverage & Tobacco
Products; Computer & Electronic Products; Transportation Equipment;
Machinery; Electrical Equipment, Appliances & Components; and Paper
Products. The five industries reporting a decrease in employment during
December are: Nonmetallic Mineral Products; Furniture & Related
Products; Miscellaneous Manufacturing; Printing & Related Support
Activities; and Textile Mills.
Employment %Higher %Same %Lower Net Index
Dec 2010 22 66 12 +10 55.7
Nov 2010 25 65 10 +15 57.5
Oct 2010 26 64 10 +16 57.7
Sep 2010 25 62 13 +12 56.5
-------------------------------------------------------------------------------
Supplier Deliveries
The delivery performance of suppliers to manufacturing organizations was
slower in December as the Supplier Deliveries Index registered 55.9
percent, which is 1.3 percentage points lower than the 57.2 percent
registered in November. This is the 19th consecutive month the Supplier
Deliveries Index has been above 50 percent. A reading above 50 percent
indicates slower deliveries.
The eight industries reporting slower supplier deliveries in December
listed in order are: Plastics & Rubber Products; Primary Metals;
Fabricated Metal Products; Machinery; Food, Beverage & Tobacco Products;
Electrical Equipment, Appliances & Components; Chemical Products; and
Transportation Equipment. The two industries reporting faster deliveries
in December are: Printing & Related Support Activities; and Computer &
Electronic Products.
Supplier Deliveries %Slower %Same %Faster Net Index
Dec 2010 15 78 7 +8 55.9
Nov 2010 18 77 5 +13 57.2
Oct 2010 13 77 10 +3 51.2
Sep 2010 17 76 7 +10 52.3
-------------------------------------------------------------------------------
Inventories
Manufacturers' inventories grew for the sixth consecutive month in
December, but at a slower rate as the Inventories Index registered 51.8
percent. The index is 4.9 percentage points lower than the 56.7 percent
reported in November. An Inventories Index greater than 42.6 percent,
over time, is generally consistent with expansion in the Bureau of
Economic Analysis' (BEA) figures on overall manufacturing inventories
(in chained 2000 dollars).
The six industries reporting higher inventories in December listed in
order are: Apparel, Leather & Allied Products; Textile Mills;
Machinery; Computer & Electronic Products; Food, Beverage & Tobacco
Products; and Chemical Products. The eight industries reporting
decreases in inventories in December listed in order are:
Nonmetallic Mineral Products; Furniture & Related Products; Printing &
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December Manufacturing Data Points to Growth
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