December Manufacturing ISM Report On Business

Customers’ Inventories(c)

The ISM Customers’ Inventories Index registered 57 percent in December, 2 percentage points higher than the 55 percent reported in November. The index indicates that respondents believe their customers’ inventories are too high at this time.

Nine industries reported higher customers’ inventories during December: Machinery; Textile Mills; Wood Products; Primary Metals; Furniture & Related Products; Printing & Related Support Activities; Fabricated Metal Products; Chemical Products; and Food, Beverage & Tobacco Products. The industries that reported lower customers’ inventories during December are: Nonmetallic Mineral Products; Plastics & Rubber Products; Paper Products; and Transportation Equipment.

Customers’ Inventories    

%
Reporting

   

%Too
High

   

%About
Right

   

%Too
Low

    Net     Index
 
Dec 2008 73 30 54 16 +14 57.0
Nov 2008 70 31 48 21 +10 55.0
Oct 2008 77 28 54 18 +10 55.0
Sep 2008 77 23 61 16 +7 53.5

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