PMI™ at 57%; December Manufacturing ISM Report On Business®; New Orders, Production and Employment Growing; Inventories Contracting; Supplier Deliveries Slowing

* The Inventories, Customers' Inventories, Prices, Backlog of Orders, New Export Orders and Imports Indexes do not meet the accepted criteria for seasonal adjustments.

Buying Policy

Average commitment lead time for Capital Expenditures decreased 13 days to 109 days. Average lead time for Production Materials increased 7 days to 60 days. Average lead time for Maintenance, Repair and Operating (MRO) Supplies increased 2 days to 29 days.

Percent Reporting

Capital Expenditures

Hand-to-Mouth

30 Days

60 Days

90 Days

6 Months

1 Year+

Average Days

Dec 2013

31

6

13

15

23

12

109

Nov 2013

25

7

13

17

23

15

122

Oct 2013

25

7

13

14

25

16

126

Sep 2013

26

7

14

17

25

11

112









Production Materials

Hand-to-Mouth

30 Days

60 Days

90 Days

6 Months

1 Year+

Average Days

Dec 2013

15

35

27

16

4

3

60

Nov 2013

17

37

30

10

4

2

53

Oct 2013

15

36

25

16

4

4

63

Sep 2013

17

37

23

16

4

3

58









MRO Supplies

Hand-to-Mouth

30 Days

60 Days

90 Days

6 Months

1 Year+

Average Days

Dec 2013

43

38

13

4

2

0

29

Nov 2013

45

37

13

4

1

0

27

Oct 2013

41

41

11

4

2

1

32

Sep 2013

45

40

11

3

1

0

25


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