por admin » Mié Jun 01, 2011 10:23 am
Los datos de Mayo indican desaceleracion
El ISM manufacturero bajo a 53.5 en Mayo de 60.4 en Abril. 50 indican expansion, los economistas esperaban 57.
May Data Indicate Slowdown
By KATHLEEN MADIGAN
The U.S. manufacturing sector slowed sharply in May, according to data released Wednesday by the Institute for Supply Management. Price pressures lessened.
.Separately, private businesses barely added jobs in May as large companies cut workers, according to a report released Wednesday. The news is sure to raise further fears about the second-quarter U.S. economy.
The ISM's manufacturing purchasing managers' index fell to 53.5 in May from 60.4 in April. Readings above 50 indicate expanding activity.
Economists surveyed by Dow Jones Newswires had expected the May PMI to slip to only 57.0.
WSJ's Brendan Conway and the Hub panel examine the ADP payroll report May and report on SAE Capital Advisors under SEC investigation. Photo: AP Photo/Richard Drew
.The slowdown in the ISM report follows a string of equally poor May reports, ranging from surveys done by regional banks of the Federal Reserve to Wednesday's ADP jobs report that showed the private sector added a mere 38,000 jobs in May.
The ISM subindexes were mixed. The ISM's new orders index plunged to 51.0 last month from 61.7 in April, while the production index dropped to 54.0 from 63.8.
Businesses drew down inventories. The inventory index dropped to 48.7 in May from 53.6 in April. Price pressures eased. The prices index fell to 76.5 from 85.5 in April.
The factory employment index declined to 58.2 from 62.7.
Private-sector jobs in the U.S. rose by just 38,000 last month, according to a national employment report published by payroll giant Automatic Data Processing Inc. and consultancy Macroeconomic Advisers.
Economists surveyed by Dow Jones Newswires had expected ADP to report a much larger job gain of 190,000 last month. The April data were revised to show a rise of 177,000 versus 179,000 first reported.
The ADP report said the deceleration, while disappointing, was not entirely surprising given weak growth in the U.S. economy so far this year. Real gross domestic product grew only 1.8% in the first quarter.
The weaker-than-expected ADP number follows a string of data that indicate the U.S. economy struggled in May. Regional factory reports were weak, jobless claims remained high, and the Conference Board's consumer confidence index fell sharply in May.
The ADP survey tallies only private-sector jobs, while the Bureau of Labor Statistics' nonfarm payroll data, to be released Friday, include government workers. In recent months, state and local governments have been laying off workers to close budget gaps.
As a result, economists surveyed by Dow Jones Newswires expect total nonfarm payrolls increased by 183,000 in May, down from the 244,000 gain reported in April. It remains to be seen if the ADP data prompt forecasters to change their estimates for Friday.
The May unemployment rate is expected to slip to 8.9% from April's 9.0%.
The latest ADP report showed large businesses with 500 employees or more cut 19,000 new employees, and medium-size businesses added 30,000 workers in May and small businesses that employ fewer than 50 workers added 27,000 new workers.
Service-sector jobs increased by 48,000 in May, while factory jobs fell by 9,000.
ADP, of Roseland, N.J., says it processes payments of one in six U.S. workers, while Macroeconomic Advisers, based in St. Louis, is an economic-consulting firm.
In another jobs report released Wednesday, the number of planned job cuts announced by U.S.-based employers was little changed in May, according to global outplacement firm Challenger, Gray & Christmas Inc. The number stood at 37,135, just 1.8% more than April's tally of 36,490.
The report said the government and non-profit sector was dominating layoff announcements. These employers reported 14,755 layoffs--or nearly 40% of all job cuts announced last month.
Even so, the picture has improved compared to last year.
"Employers have now announced 204,374 job cuts in 2011, 21% fewer than the 258,319 planned layoffs reported in the first five months of 2010," the report said.