PMI™ at 57%; December Manufacturing ISM Report On Business®;

PMI™ at 57%; December Manufacturing ISM Report On Business®; New Orders, Production and Employment Growing; Inventories Contracting; Supplier Deliveries Slowing

| Manufacturing News

* The Inventories, Customers' Inventories, Prices, Backlog of Orders, New Export Orders and Imports Indexes do not meet the accepted criteria for seasonal adjustments.

Buying Policy

Average commitment lead time for Capital Expenditures decreased 13 days to 109 days. Average lead time for Production Materials increased 7 days to 60 days. Average lead time for Maintenance, Repair and Operating (MRO) Supplies increased 2 days to 29 days.

Percent Reporting
Capital Expenditures	Hand-to-Mouth	30 Days	60 Days	90 Days	6 Months	1 Year+	Average Days
Dec 2013	31	6	13	15	23	12	109
Nov 2013	25	7	13	17	23	15	122
Oct 2013	25	7	13	14	25	16	126
Sep 2013	26	7	14	17	25	11	112

Production Materials	Hand-to-Mouth	30 Days	60 Days	90 Days	6 Months	1 Year+	Average Days
Dec 2013	15	35	27	16	4	3	60
Nov 2013	17	37	30	10	4	2	53
Oct 2013	15	36	25	16	4	4	63
Sep 2013	17	37	23	16	4	3	58

MRO Supplies	Hand-to-Mouth	30 Days	60 Days	90 Days	6 Months	1 Year+	Average Days
Dec 2013	43	38	13	4	2	0	29
Nov 2013	45	37	13	4	1	0	27
Oct 2013	41	41	11	4	2	1	32
Sep 2013	45	40	11	3	1	0	25

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 Next Page »