The Institute for Supply Management’s Report on Business saw PMI jump to 57.8%, up from the May reading of 54.9%. That is the highest mark since August 2014.
From the report, released Monday:
WHAT RESPONDENTS ARE SAYING …
- “Overall, business is strong. We are seeing price increases for packaging and handling materials as well as some MRO supplies” (Plastics & Rubber Products)
- “Overall, demand is up 5-7 percent and expected to continue through the end of the year, at least. ” (Transportation Equipment)
- “Demand is picking up; meeting budget expectations.” (Electrical Equipment, Appliances & Components)
- “Business is still very robust. Have continued to hire to match increased demand.” (Computer & Electronic Products)
- “Business [is] steady; not great, but good and fairly solid.” (Furniture & Related Products)
- “Business globally continues to show improvement.” (Chemical Products)
- “Environmental regulations have strong effects on our business. We continue to watch for any changes as a result of the new administration.” (Paper Products)
- “Dry weather helping demand.” (Nonmetallic Mineral Products)
- “International business outside North America on the upswing.” (Machinery)
- “Metal pricing continues to drag down our profit margins, but we are very busy quoting new business, so our customers have a good outlook on the rest of the year.” (Fabricated Metal Products)
- “Business is strong both domestically and internationally. Supplier deliveries are quick domestically, international supply chain is slowing. We are in a hiring mode.” (Food, Beverage & Tobacco Products)