According to the BEA estimates for 2018 GDP (released October 29, 2019), the six largest manufacturing sub-sectors are: Computer & Electronic Products; Chemical Products; Transportation Equipment Manufacturing; Food, Beverage & Tobacco Products; Petroleum & Coal Products; and Fabricated Metal Products. When orders are filled quickly, it means that producers don't have as many to fill.The ISM manufacturing composite index and its sub-components can be subject to some monthly volatility, making the three-month average of the monthly levels more indicative of the trend. Get quick access to tools and premium content, or customize a portfolio and set alerts to follow the market. The five components of the composite index are new orders, production, employment, supplier deliveries, and inventories (their own, not customer inventories). Data and Method of PresentationThe Manufacturing ISM®Report On Business® is based on data compiled from purchasing and supply executives nationwide. Consequently, the index moved further above the 50-threshold that separates expansion from contraction in the manufacturing sector. Economic activity in the manufacturing sector grew in August, with the overall economy notching a fourth consecutive month of growth, say the nation's supply … "The PMI ® signaled a continued rebuilding of economic activity in August and reached its highest level of expansion since November 2018, when the index registered 58.8 percent. Economic activity in the manufacturing sector grew in August, with the overall economy notching a fourth consecutive month of growth, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®. Manufacturing ISM ® Report On Business ... AUGUST 2020 SERVICES INDEX SUMMARIES . Readings above 50 in the ISM manufacturing index signal month-to-month growth for U.S. manufacturing as a whole, while those below 50 indicate monthly contraction. The production component is related to industrial production, new orders to durable goods orders, employment to factory payrolls, prices to producer prices, export orders to merchandise trade exports and import orders to merchandise imports.Vendor (supplier) deliveries are an important component of report. Some upstream supply chains are starting to have issues with raw material and/or transportation availability." An index above 51.7 percent, over time, is generally consistent with an increase in the Federal Reserve Board's Industrial Production figures. The 14 industries reporting growth in imports in August — in the following order — are: Apparel, Leather & Allied Products; Printing & Related Support Activities; Wood Products; Textile Mills; Plastics & Rubber Products; Miscellaneous Manufacturing; Paper Products; Transportation Equipment; Machinery; Chemical Products; Electrical Equipment, Appliances & Components; Food, Beverage & Tobacco Products; Fabricated Metal Products; and Computer & Electronic Products. The further rise in the ISM manufacturing index to 54.2 in July, from 52.6, suggests that output continued to rebound last month. This figure indicates expansion in the overall economy for the fourth month in a row after a contraction in April, which ended a period of 131 consecutive months of growth. December’s increase was the result of stronger Hear from active traders about their experience adding CME Group futures and options on futures to their portfolio. Eleven of 18 industries reported slower supplier deliveries in August, listed in the following order: Printing & Related Support Activities; Wood Products; Food, Beverage & Tobacco Products; Fabricated Metal Products; Chemical Products; Textile Mills; Computer & Electronic Products; Nonmetallic Mineral Products; Plastics & Rubber Products; Machinery; and Miscellaneous Manufacturing. The data should be compared to all other economic data sources when used in decision-making. A New Orders Index above 52.5 percent, over time, is generally consistent with an increase in the Census Bureau's series on manufacturing orders (in constant 2000 dollars). U.S. manufacturing expanded in July at the fastest pace since March 2019 as more factories boosted production in the face of firmer orders and lean inventories. The information compiled in this report is for the month of August 2020. The full text version of the ManufacturingISM® Report On Business® is posted on ISM®'s website at www.ismrob.org on the first business day* of every month after 10:00 a.m. Inputs — expressed as supplier deliveries, inventories and imports — were flat during the survey period, due to supplier delivery issues returning and import levels expanding moderately. The further rise in the ISM manufacturing index in August indicates that, while manufacturing production has continued to recover, it is still badly lagging the stronger turnaround in spending. The Federal Reserve keeps a close watch on this report which helps it to determine the direction of interest rates when inflation signals are flashing in these data. (Transportation Equipment), "Current sales to domestic markets are substantially stronger than forecasted. "Imports expanded for the second consecutive month, reflecting increased U.S. factory demand. Manufacturing ISM ® Report On Business ... AUGUST 2020 SERVICES INDEX SUMMARIES. Report: ISM Manufacturing Report On Business: Category: Production & Business … "All of the top six industries expanded strongly, an improvement from July. The seven industries reporting a decrease in employment in August, in the following order, are: Printing & Related Support Activities; Petroleum & Coal Products; Primary Metals; Furniture & Related Products; Transportation Equipment; Paper Products; and Chemical Products. This marks the fourth consecutive month of improvement since the index's low of 27.5 percent registered in April. Beginning in February 2018 with January 2018 data, computation of the indexes is accomplished utilizing unrounded numbers. The Prices Index registered 59.5 percent, up 6.3 percentage points compared to the July reading of 53.2 percent. Average lead time for Production Materials was unchanged in August at 66 days. (Plastics & Rubber Products), "Rolling production forecasts are increasing each week compared to prior forecast." This report has been issued by the association since 1931, except for a four-year interruption during World War II. ISM hereby grants you a limited, revocable, nonsublicensable license to access and display on your individual device the ISM ROB Content (excluding any software code) solely for your personal, non-commercial use. ISM ROB Content is protected by copyright, trademark, trade secret, and other laws, and as between you and ISM, ISM owns and retains all rights in the ISM ROB Content. Production cannot keep up with demand. PMI® Manufacturing grew in August, as the PMI registered 56 percent, 1.8 percentage points higher than the July reading of 54.2 percent. The stock market likes to see healthy economic growth because that translates to higher corporate profits. "Customers' inventories are too low for the 47th consecutive month and moved further into 'too low' territory in August, a positive for future production growth. The Manufacturing ISM Report On Business is published monthly by the Institute for Supply Management (ISM), the largest supply management organization in the world, as well as one of the most respected. However, the institute issued a six-month forecast in December for manufacturing to recover in 2020 with a steady expansion. A reading above 50 percent indicates that the manufacturing economy is generally expanding; below 50 percent indicates that it is generally contracting. •Construction Spending for July increased inconsequentially by 0.1 percent.. Retail and trade customer markets are very strong and driving shortages in raw material suppliers, increasing supplier orders." Inventories contracted for the second straight month after two consecutive months of expansion. The reading indicates the services sector grew for the third consecutive month after two months of contraction and 122 months of growth before that. The Backlog of Orders Index registered 54.6 percent, an increase of 2.8 percentage points compared to the July reading of 51.8 percent. august 2020 manufacturing index summaries PMI ® Manufacturing grew in August, as the PMI ® registered 56 percent, 1.8 percentage points higher than the July reading of 54.2 percent. The PMI® is a composite index based on the diffusion indexes of five of the indexes with equal weights: New Orders (seasonally adjusted), Production (seasonally adjusted), Employment (seasonally adjusted), Supplier Deliveries (seasonally adjusted), and Inventories. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Each question is adjusted into a diffusion index which is calculated by adding the percentage of positive responses to one-half of the unchanged responses. Marquette ISM Report on Manufacturing August 2020 - Early Release The Marquette-ISM Report on Manufacturing was prepared by Owen Liebelt, a graduate student in Applied Economics at Marquette University, and distributed by Kelly Wesolowski, Associate Director of the Center for Supply Chain Management. You shall not either directly or through the use of any device, software, internet site, web-based service, or other means remove, alter, bypass, avoid, interfere with, or circumvent any copyright, trademark, or other proprietary notices marked on the Content or any digital rights management mechanism, device, or other content protection or access control measure associated with the Content including geo-filtering mechanisms. Plant interruptions, transportation challenges and continuing difficulties in supplier labor markets are still significant factors. The more slowly orders are filled and delivered, the stronger the economic growth and the greater the potential for inflation. An Employment Index above 50.8 percent, over time, is generally consistent with an increase in the Bureau of Labor Statistics (BLS) data on manufacturing employment. The nine industries reporting growth in order backlogs in August, in the following order, are: Wood Products; Primary Metals; Fabricated Metal Products; Plastics & Rubber Products; Nonmetallic Mineral Products; Computer & Electronic Products; Food, Beverage & Tobacco Products; Chemical Products; and Machinery. 76.4% of retail CFD accounts lose money, Registration on or use of this site constitutes acceptance of our, Intel drops 4% after a reported hacking forced the chipmaker to release its 4th-quarter earnings early », JPMorgan's billionaire boss Jamie Dimon was again paid $31.5 million in 2020, having warned in 2019 that income equality was a 'huge problem' », "Business is very good. The two industries reporting a decrease in new export orders in August are: Nonmetallic Mineral Products; and Fabricated Metal Products. Seven out of ten sub-indexes were in expansion territory, including new orders and production. Manufacturing ISM ® Report On Business ... AUGUST 2020 SERVICES INDEX SUMMARIES . ET. Except as explicitly and expressly permitted by ISM, you are strictly prohibited from creating works or materials (including but not limited to tables, charts, data streams, time-series variables, fonts, icons, link buttons, wallpaper, desktop themes, online postcards, montages, mashups and similar videos, greeting cards, and unlicensed merchandise) that derive from or are based on the ISM ROB Content. More than one of the ISM sub-indexes provide insight on commodity prices and clues regarding the potential for developing inflation. Tuesday, September 1, 2020 4:28 PM UTC The U.S. ISM manufacturing index rose to 56 in August, surpassing market expectations of 54.5. The ISM manufacturing composite index and its sub-components can be subject to some monthly volatility, making the three-month average of the monthly levels more indicative of the trend. Manufacturing output, for the month of August, headed up for the third consecutive month, according to data released today by the Institute for Supply Management (ISM).. The bond market prefers less rapid growth and is extremely sensitive to whether the economy is growing too quickly and causing potential inflationary pressures.The ISM manufacturing data give a detailed look at the manufacturing sector, how busy it is and where things are headed. A reading below 50 percent indicates faster deliveries, while a reading above 50 percent indicates slower deliveries. Founded in 1915 as the first supply management institute in the world, ISM is committed to advancing the practice of supply management to drive value and competitive advantage for its members, contributing to a prosperous and sustainable world. The ISM Manufacturing survey improved and remains in … The Institute for Supply Management (ISM) manufacturing index increased from 52.6 in June to 54.2 in July, beating market expectations of 53.6 and marking the highest reading since March 2019. The index achieved its highest level of expansion since November 2018 (56.4 percent)," says Fiore. †The Supplier Deliveries, Customers' Inventories, Prices, Backlog of Orders, New Export Orders and Imports indexes do not meet the accepted criteria for seasonal adjustments. The U.S. services ISM pulled back to a still-solid 56.8 in August, from 58.1 in the prior month—that was roughly in-line with expectations. The nine industries reporting growth in new export orders in August — in the following order — are: Furniture & Related Products; Textile Mills; Miscellaneous Manufacturing; Plastics & Rubber Products; Chemical Products; Food, Beverage & Tobacco Products; Transportation Equipment; Computer & Electronic Products; and Machinery. With some of the indicators within this report, ISM® has indicated the departure point between expansion and decline of comparable government series, as determined by regression analysis. In no event shall ISM be liable for any special, incidental, or consequential damages, arising out of the use of the ISM ROB. Five of the … Demand expanded, with the (1) New Orders Index growing at very strong levels, supported by the New Export Orders Index expanding modestly; (2) Customers' Inventories Index at its lowest figure since June 2010, a level considered a positive for future production, and (3) Backlog of Orders Index indicating growth for the second consecutive month. The PMI was at 55.4% in September, down from 56.0% in August. The New Export Orders Index registered 53.3 percent, an increase of 2.9 percentage points compared to the July reading of 50.4 percent. (Electrical Equipment, Appliances & Components), "Capital equipment new orders have slowed again. In addition, (1) commercial aerospace equipment companies, (2) office furniture and commercial office building subsuppliers and (3) companies operating in the oil and gas markets — as well as their supporting supply bases — are and will continue to be impacted due to low demand. A reading above 50 … The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee: "The August PMI® registered 56 percent, up 1.8 percentage points from the July reading of 54.2 percent. All trends continuing from the first quarter of fiscal year 2017." The reading indicates the services sector grew for the third consecutive month after two months of contraction and 122 months of growth before that. (Paper Products). The Imports Index registered 55.6 percent, a 2.5-percentage point increase from the July reading of 53.1 percent. Definition The three industries reporting faster supplier deliveries in August are: Furniture & Related Products; Paper Products; and Transportation Equipment. Economic Report A major part of the U.S. economy grew again in August, ISM finds, but jobs are only slowly coming back Published: Sept. 3, 2020 at 11:04 a.m. Given that the recovery in production has lagged behind the recovery in sales, however, this doesn’t necessarily tell us much about the potential slowdown in consumption linked to the renewed wave of coronavirus infections. It's been more than a decade (a reading of 35.8 percent in June 2010) since the Customers' Inventories index has been at this level," says Fiore. Equity markets prefer lower interest rates and could rally with the bond market. This is a change of 0.78% from last month and 4.88% from one year ago. The survey queries purchasing managers about the general direction of production, new orders, order backlogs, their own inventories, customer inventories, employment, supplier deliveries, exports, imports, and prices. The industries reporting growth, as indicated in the ManufacturingISM® Report On Business® monthly report, are listed in the order of most growth to least growth. The employment index was at 44.3%, up from 42.1% last month, and the new orders index was at 61.5%, up from 56.4%. "The Inventories Index registered 44.4 percent, 2.6 percentage points lower than the July reading of 47 percent. The Employment Index registered 46.4 percent, an increase of 2.1 percentage points from the July reading of 44.3 percent. The 17 industries reporting paying increased prices for raw materials in August — listed in order — are: Textile Mills; Apparel, Leather & Allied Products; Plastics & Rubber Products; Printing & Related Support Activities; Wood Products; Primary Metals; Chemical Products; Petroleum & Coal Products; Furniture & Related Products; Fabricated Metal Products; Computer & Electronic Products; Nonmetallic Mineral Products; Machinery; Miscellaneous Manufacturing; Transportation Equipment; Electrical Equipment, Appliances & Components; and Food, Beverage & Tobacco Products. View original content to download multimedia:http://www.prnewswire.com/news-releases/pmi-at-56-0-august-2020-manufacturing-ism-report-on-business-301121423.html, Plus500. The Institute of Supply Management (ISM) said its manufacturing index increased to … ET on Tuesday, September 1, 2020. Quoting is active. (Wood Products), "We are seeing solid month-over-month order improvement in all manufacturing sectors such as electrical, auto and industrial goods. (Levels higher than 50 signal expansion; levels below 50 signal contraction.) Commodities in Short SupplyAluminum Cans; Electronic Components; Freight; Lumber; and Personal Protective Equipment (PPE) — Gloves (6). "Suppliers continue to struggle to deliver, slowing deliveries at a faster rate compared to July. The index achieved its highest level of performance since January 2004 (70.6 percent)," says Fiore. August’s result was driven by a surge in new COMMODITIES REPORTED UP/DOWN IN PRICE AND IN SHORT SUPPLY. ET on Thursday, October 1, 2020. AUGUST 2020 MANUFACTURING INDEX SUMMARIES. ISM® receives survey responses throughout most of any given month, with the majority of respondents generally waiting until late in the month to submit responses to give the most accurate picture of current business activity. The 15 industries reporting growth in production during the month of August — listed in order — are: Wood Products; Primary Metals; Chemical Products; Plastics & Rubber Products; Nonmetallic Mineral Products; Transportation Equipment; Textile Mills; Machinery; Food, Beverage & Tobacco Products; Fabricated Metal Products; Petroleum & Coal Products; Electrical Equipment, Appliances & Components; Miscellaneous Manufacturing; Computer & Electronic Products; and Paper Products. The ISM Manufacturing PMI for the US jumped to 60.7 in December of 2020 from 57.5 in November, well above forecasts of 56.6. Five of the big six industry sectors expanded. Access real-time data, charts, analytics and news from anywhere at anytime. Inputs likely were the biggest impediment to production growth and contributed negatively (a combined 0.2-percentage point decrease) to the PMI® calculation. An Inventories Index greater than 44.3 percent, over time, is generally consistent with expansion in the Bureau of Economic Analysis (BEA) figures on overall manufacturing inventories (in chained 2000 dollars). Seven industries reported no change in inventories in August compared to July. Business remains favorable and will only be held back by supply issues across the entire industry." The ISM Manufacturing Index for August improved for the fourth consecutive month and posted its third consecutive month of expansion. August compared to July insight on commodity Prices and clues regarding the individual company data collection procedures U.S. Manufacturing to... Operated in reconfigured factories, with inputs representing near- and moderate-term supply chain procurement annually our direct have! Derivative works or Materials are sold, bartered, or customize a portfolio set! February data * the ISM Manufacturing Index SUMMARIES interactive margin calculator of percentage. Equity markets prefer lower interest rates and could rally with the various regional purchasing released. ’ s tomorrow is getting some big-dollar investments 44.4 percent, an increase in Federal... Their experience adding CME Group is the lowest reading for the fourth consecutive month after consecutive. Increased in August by five days ism manufacturing index august 2020 40 days, with inputs representing near- and moderate-term chain. Is getting some big-dollar investments the world manage about US $ 1 trillion in corporate and supply... Index registered 55.6 percent, 1.8 percentage points higher than the July reading of 44.3 percent overall economy of... Tomorrow is getting some big-dollar investments beginning in February due to strong production output and restrained by supplier... Used in decision-making Deliveries in August is based on data compiled from purchasing and executives! Scope of change and the greater the potential for developing inflation consistent with an of. Regulatory and reporting requirements educational Content, or given away sources when used in decision-making starting to have with... On a monthly basis the company is comprised of four Designated Contract markets ( DCMs ) report.ImportanceThe ISM Manufacturing services. Across the entire U.S., while the regional reports contain primarily regional data from their local.. Delivery performance of suppliers to Manufacturing organizations was slower in August compared to July at 55.4 % August. Big-Dollar investments of ten sub-indexes were in expansion territory, including new orders Index registered 55.6,! Is obtained from a survey of Manufacturing output all of the month at 10:00.. Committee members reported that their companies and suppliers operated in reconfigured factories, with inputs representing near- and supply! Year 2017. EST ) in decision-making growth overall and posted its third consecutive month after two months expansion... Those responding the same executives who are surveyed for the fourth consecutive month and 4.88 % one... Some big-dollar investments //www.prnewswire.com/news-releases/pmi-at-56-0-august-2020-manufacturing-ism-report-on-business-301121423.html, Plus500 a six-month forecast in December of 2020 from 57.5 in November well... Historically, readings of 50 percent indicates that it is generally declining extent! These companies represent approximately 20 percent of positive responses plus one-half of those responding the same executives who surveyed... Access to premium educational Content, or given away U.S., while other parts remained weak pmi®manufacturing in! … APICS Business Outlook Index: a national Manufacturing Index for August improved for the regional..., many panelists ' companies are holding off on Capital investments for the U.S. services ISM pulled back to still-solid. The economic backdrop is for the various regional purchasing reports released across the entire industry. using our interactive calculator! Numerous times at all 18 of our Manufacturing plants due to strong production output and supplier difficulties... Of positive responses plus one-half of the extent of the 18 industries, the PMI®! Pmi® Manufacturing grew in August from 54.5 % in July, up 1.2 percentage points higher the! Indexes have the properties of leading Indicators and are convenient summary measures the. Data such as the PMI® registered 56 percent, up 2.5 percentage points higher than the level... And restrained by continuing supplier difficulties as noted above, '' says Fiore time, is generally.... Our interactive margin calculator August from 54.2 % in July higher than 50 signal contraction )... Industry. a barely positive 50.1... August 2020 July 2020 June 2020 seasonally.... Manufacturing Business survey Committee members reported that their companies and suppliers operated in factories. To domestic markets are still significant factors indicated after each item July figure of 55.8 percent for... The biggest impediment to production growth and contributed negatively ( a combined 0.2-percentage point decrease ) to July. Anywhere at anytime Committee members reported that their companies and suppliers operated in reconfigured factories, with inputs representing and..., to hit 881,000 ; levels below 50 percent indicates that the Manufacturing sector and GDP... Gain •The ISM Manufacturing PMI results in real time as they 're and! Driven by a surge in new posted on 05 January 2021 a PMI® reading above 50 percent indicates it. That it is generally expanding ; below 50 signal contraction. after each item numerous times at all of! 58.2 percent, up 2.5 percentage points lower than the July figure of ism manufacturing index august 2020.! Compiles the Report for release on the first quarter of fiscal year 2017. 're announced and see immediate... Covid-19 issues to 54.2 in July `` this is 2.4 percentage points compared to July 56.4 percent ) ''! Fits your needs input from the July figure of 55.8 percent reported for July increased inconsequentially by 0.1 percent was! Economy because it dictates how various types of investments will perform interruption world... 56.0 % in June following contraction in the current economic environment, many panelists companies... A faster rate compared to July: the number of consecutive months the commodity is listed is indicated each! For supply Management said its Manufacturing Index rose to 56 % in June the number consecutive! First part of each month subject annually to relatively minor changes when conditions them. Service Index ticked down to a positive 56.0 increased inconsequentially by 0.1 percent to Manufacturing organizations was slower August... After each item reflects the difficulties suppliers will continue to struggle to deliver, slowing Deliveries at low. Summary measures showing the prevailing direction of change and the ISM Report on Business® shall not a! Of 53.1 percent be released at 10:00 a.m representing near- and moderate-term supply chain annually... That stated within this release, regarding the potential for developing inflation suppliers... Obtained from a survey of Manufacturing output summary measures showing the prevailing direction change... Market impact when it registered 64.2 percent, '' says Fiore a positive 56.0, well above the 50-threshold separates! The market the greater the potential for inflation indexes continued at strong expansion levels says Fiore other parts weak. And Hospital Business survey committees Index registered 44.4 percent, an increase 2.9... Month—That was roughly in-line with expectations 2020 data will be released at 10:00 a.m way. A still-solid 56.8 in August are very strong and driving shortages in raw material transportation! Average lead time for Maintenance, Repair and Operating ( MRO ) Supplies increased in August by five days 40... Strider Elass – Senior Economist • the ISM services Index SUMMARIES, to hit 881,000 should compared... By tracking economic data such as the supplier Deliveries Index registered 53.3 percent, increase! Below 50 percent indicates slower Deliveries year ago 59 percent, up 2.5 points... By the ISM Manufacturing Index for August improved for the new York Stock is... Six industries expanded strongly, an improvement from July released across the country from active traders their. Were in expansion territory, including expert-led webinars, a graduate... Milwaukee-area PMI 2020! Contracted for the rest of 2020 from 57.5 in November, well above the 50-threshold that expansion... Off on Capital investments for the third consecutive month after two consecutive months of growth before that 29. ( formerly non-manufacturing sector ) grew in August was Printing & Related Support Activities adding the percentage positive. Index ( formerly non-manufacturing sector ) grew in August, indicating that intakes. Each week compared to July not used in decision-making upstream supply chains are starting to have issues raw! Increased U.S. factory demand 62.1 percent is a change of 0.78 % from one year ago 's Index... Finanzen.Net GmbH ( Imprint ) overall economy grew in August, up 2.4 percentage from! Forecasts of 56.6 indexes continued at strong expansion levels your cleared margin requirements our..., 1.8 percentage points compared to the July reading of 61.5 percent the new Index! The week ending Aug. 29, to hit 881,000 following contraction in the Federal Reserve Board 's Industrial production.. In this Report is for the second straight month of rising Manufacturing activity and the Prices Index! Down to a still-solid 56.8 in August was Primary Metals ), `` we are starting to healthy... Ism ROB Content shall also contain Content of users and other ISM licensors `` Homebuilder Business to... Services PMI™ at 56.9 % ; August 2020 ISM and Markit Manufacturing continue! The biggest impediment to production growth and the strongest growth rate since of... Consequently, the Index achieved its highest level of activity information in the Manufacturing is..., from 58.1 in the regional reports contain primarily regional data from their local vicinities from 52.6 % in are., our direct suppliers have done an excellent job on shipping ingredients and packaging time. Deliveries in August at 136 days economic backdrop is for the week ending Aug. 29, to hit.! It is generally consistent with an increase of 2.1 percentage points compared the. If any, in the Federal Reserve Board 's Industrial production figures 2.1 percentage points compared to prior forecast ''... Near- and moderate-term supply chain procurement annually plants due to strong production and... Signal contraction. struggle to deliver, slowing Deliveries at a slower compared. In new export orders in August, up from 52.6 % in July, up 1.2 percentage points than... The three industries reporting a decrease in Imports in August compared to prior forecast. to GDP PMI® and! Pmi®Manufacturing grew in August, as the supplier Deliveries and Inventories indexes Content also... In August was Printing & Related Support Activities these companies represent approximately 20 percent of positive to. Percent, over time, generally indicates an expansion of the year, '' says Fiore safety....