The ISM customers' inventories index advanced 5.5 points sequentially to 45.5 percent in January, while the ISM manufacturing inventory index crawled 0.6 points from December to 52.4 percent. The customers' inventory index has been under 50 for 22 months, or "too low," while the manufacturing inventory index has been "in expansion," or above 50 for the last seven months.
ISM notes a reading beyond 42.7% over time in the manufacturing inventory index generally indicates expansion in the Bureau of Economic Analysis' figures on overall manufacturing inventories.
Roll Over Data Points for Exact Figures
Data Included: 1/2011
*Reflects U.S. Department of Commerce annual seasonal formula adjustments.
Source: Institute of Supply Management, "Manufacturing Report on Business," www.ism.ws