Institute for Supply Management®'s Report On Business® Series

In this episode of the Institute for Supply Management® Report on Business® series, committee chair Tim Fiore discusses latest the Manufacturing Report on Business® sections with hosts Lew Weiss and Tim Grady, including the Purchasing Manager's Index number, New Orders, Production, Employment, Supplier Deliveries, Inventories, Customers' Inventories, Prices, Backlog of Orders, New Export Orders, and Imports.

The composition of the Manufacturing Business Survey Committee is stratified according to the North American Industry Classification System (NAICS) and each of the following NAICS-based industry's contribution to gross domestic product (GDP): Food, Beverage & Tobacco Products; Textile Mills; Apparel, Leather & Allied Products; Wood Products; Paper Products; Printing & Related Support Activities; Petroleum & Coal Products; Chemical Products; Plastics & Rubber Products; Nonmetallic Mineral Products; Primary Metals; Fabricated Metal Products; Machinery; Computer & Electronic Products; Electrical Equipment, Appliances & Components; Transportation Equipment; Furniture & Related Products; and Miscellaneous Manufacturing (products such as medical equipment and supplies, jewelry, sporting goods, toys and office supplies). The data are weighted based on each industry's contribution to GDP.