Backlog of Orders^�nbsp;
ISM^®'s Backlog of Orders Index registered 59.1 percent in December, a 2.2-percentage point increase compared to the 56.9 percent reported in November, indicating order backlogs expanded for the sixth consecutive month. "Backlogs expanded at faster rates in December, indicating that new-order intakes more than fully offset production outputs. Four (Fabricated Metal Products; Transportation Equipment; Chemical Products; and Computer & Electronic Products) of the six big industry sectors' backlogs expanded with significant strength. Backlogs achieved their highest expansion levels since June 2018, when the index registered 60.1 percent," says Fiore.

The 12 industries reporting growth in order backlogs in December, in the following order, are: Apparel, Leather & Allied Products; Printing & Related Support Activities; Wood Products; Primary Metals; Fabricated Metal Products; Electrical Equipment, Appliances & Components; Machinery; Furniture & Related Products; Transportation Equipment; Chemical Products; Computer & Electronic Products; and Plastics & Rubber Products. In December, three industries reported lower backlogs: Paper Products; Food, Beverage & Tobacco Products; and Miscellaneous Manufacturing.

New Export Orders^�nbsp;
ISM^®'s New Export Orders Index registered 57.5 percent in December, a decrease of 0.3 percentage point compared to the November reading of 57.8 percent. "The New Export Orders Index grew for the sixth consecutive month, but at a slightly slower rate. Five (Fabricated Metal Products; Chemical Products; Computer and Electronic Products; Food, Beverage & Tobacco Products; and Transportation Equipment) of the six big industry sectors expanded with strength. New export orders were again a positive factor to the growth in new-order levels," says Fiore.

The nine industries reporting growth in new export orders in December — in the following order — are: Wood Products; Electrical Equipment, Appliances & Components; Machinery; Fabricated Metal Products; Chemical Products; Computer & Electronic Products; Food, Beverage & Tobacco Products; Primary Metals; and Transportation Equipment. Two industries reported a decrease in new export orders: Plastics & Rubber Products; and Paper Products. Six industries reported no change in exports in December.

Imports^�nbsp;
ISM^®'s Imports Index registered 54.6 percent in December, a decline of 0.5 percentage point compared to the 55.1 percent reported for November. "Imports expanded for the sixth consecutive month, at a slightly slower rate, reflecting continued increases in U.S. factory demand. Panelists continued to note record breaking backlogs in ports of entry, as well as difficulty in arranging drayage and operating within the domestic transportation market," says Fiore.

The 12 industries reporting growth in imports in December — in the following order — are: Wood Products; Printing & Related Support Activities; Paper Products; Transportation Equipment; Electrical Equipment, Appliances & Components; Machinery; Primary Metals; Miscellaneous Manufacturing; Plastics & Rubber Products; Computer & Electronic Products; Chemical Products; and Food, Beverage & Tobacco Products. Four industries reported a decrease in imports in December: Textile Mills; Furniture & Related Products; Nonmetallic Mineral Products; and Fabricated Metal Products.

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