CHART OF THE DAY: Manufacturing Expands for Twenty-First Month in a Row

This morning’s PMI Manufacturing data from the Institute for Supply Management was better than Wall Street’s expectation for 58.5 (Briefing.com). However, the PMI index dropped to 60.4% in April from a 61.2% in March. The ISM notes:

Economic activity in the manufacturing sector expanded in April for the 21st consecutive month, and the overall economy grew for the 23rd consecutive month.

Here’s how that looks compared to pre-crisis levels at the start of 2006 (Click for Larger Image):

 

Click for Larger Image

Performance by Industry in Order of Growth

Sector Performance = 17 winners and 1 loser

  1. Wood Products; (expanded)
  2. Plastics & Rubber Products; (expanded)
  3. Primary Metals; (expanded)
  4. Transportation Equipment; (expanded)
  5. Fabricated Metal Products; (expanded)
  6. Computer & Electronic Products; (expanded)
  7. Apparel, Leather & Allied Products; (expanded)
  8. Machinery; (expanded)
  9. Textile Mills; (expanded)
  10. Paper Products; (expanded)
  11. Electrical Equipment, Appliances & Components; (expanded)
  12. Nonmetallic Mineral Products. (expanded)
  13. Miscellaneous Manufacturing; (expanded)
  14. Food, Beverage & Tobacco Products; (expanded)
  15. Chemical Products; (expanded)
  16. Printing & Related Support Activities; (contracted)
  17. Petroleum & Coal Products; (expanded)
  18. Furniture & Related Products; (contracted)