ISM’s Production Index decreased to 25.5 percent in December, a decrease of 6 percentage points from the 31.5 percent reported in November. An index above 49.9 percent, over time, is generally consistent with an increase in the Federal Reserve Board’s Industrial Production figures.
None of the industries reported growth in production during the month of December. The industries failing to grow in December are: Nonmetallic Mineral Products; Wood Products; Textile Mills; Transportation Equipment; Fabricated Metal Products; Paper Products; Chemical Products; Machinery; Miscellaneous Manufacturing; Primary Metals; Plastics & Rubber Products; Printing & Related Support Activities; Computer & Electronic Products; Food, Beverage & Tobacco Products; and Electrical Equipment, Appliances & Components.
| Production | %Better | %Same | %Worse | Net | Index | |||||||||||||||||||||
| Dec 2008 | 7 | 33 | 60 | -53 | 25.5 | |||||||||||||||||||||
| Nov 2008 | 12 | 38 | 50 | -38 | 31.5 | |||||||||||||||||||||
| Oct 2008 | 11 | 43 | 46 | -35 | 34.1 | |||||||||||||||||||||
| Sep 2008 | 20 | 47 | 33 | -13 | 40.8 |
