D&B Manufacturing Survey Shows Slight Decline in Optimism from Near-Record Levels of Prior Three Months.Business Editors MURRAY HILL Murray Hill may refer to one of the following places:
Inflationary in·fla·tion·ar·y adj. Of, associated with, or tending to cause inflation: inflationary prices; inflationary policies. Adj. 1. Pressures Easing, as Expectations for Prices and Costs Show the Most Significant Declines Expectations among U.S. manufacturers for the coming three months remained strong in May, slipping only slightly from the near-record levels of the prior three surveys, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the latest Dun & Bradstreet Brad·street , Anne Dudley 1612-1672. English-born colonial poet who wrote several collections of verse, including The Tenth Muse Lately Sprung Up in America (1650). Manufacturing Survey. Expectations for increased production and new orders remained strong, but the overall Industrial Sentiment Index sentiment index A numerical guide to investor feeling toward the securities markets that is constructed to determine whether certain segments of the investment community are bullish or bearish. fell one point, as the index for unfilled orders declined modestly. "Overall manufacturing expectations remain robust and the good news is that inflationary pressures appear to be easing, with fewer executives expecting to increase prices in the next three months as cost growth moderates," said William William, crown prince of Germany William or Frederick William, 1882–1951, crown prince of Germany, son of William II. In World War I he commanded (1914) an army on the Western Front and was nominal commander in the German attack F. Doescher, senior vice president for D&B. "As intended by the Federal Reserve, domestic consumers have recently curtailed spending. But the trend has yet to put a damper damp·er n. 1. One that deadens, restrains, or depresses: Rain put a damper on our picnic plans. 2. An adjustable plate, as in the flue of a furnace or stove, for controlling the draft. on production schedules, as industry executives instead appear to be increasing their finished-goods inventories." The Dun & Bradstreet Corporation's Manufacturing Survey is conducted monthly, with 1,000 manufacturing executives queried nationwide. Expectations for Production Up Slightly; New Orders Index Holds Steady Results from the D&B Manufacturing Survey conducted in May portend por·tend tr.v. por·tend·ed, por·tend·ing, por·tends 1. To serve as an omen or a warning of; presage: black clouds that portend a storm. 2. continued strength in the manufacturing sector in the coming three months. The May Industrial Sentiment Index (ISI ISI International Sensitivity Index, see there ) fell one point to 24, after holding at 25 in the preceding four months. Production expectations strengthened by a point to 51, while the outlook for new orders held steady at 54. Export expectations were unchanged at 30. Expectations for unfilled orders slipped two points to 10, and the outlook for finished goods inventories was down one point to 9, a positive indication. Among the supplemental indexes, expectations for selling prices slipped three points to 15, accompanied by a four-point decline in the Total Unit Costs Index to 18. Employment expectations edged downward a point to 28, while the Production Capacity Index held at 39. Recent Conditions Off Slightly D&B's May ISI, which measures overall manufacturing conditions for the past three months, decreased by one point to 9. The New Orders Index fell three points to 21, while the Production Index held firm at 16. The Unfilled Orders Index gained one point to 4, and the Finished Goods Index went up three points to 2, indicating that unfilled orders are rising again. The Exports Index was down by one point at 7. Among the supplementary indexes, the Employment Index was down a point to 0, indicating that the percentage of executives expecting increased employment matched the percentage of executives expected employment reductions. The Production Capacity Index edged up one point to 6. The indexes for selling prices and total unit costs were unchanged, at 7 and 33, respectively. The Dun & Bradstreet Corporation The Dun & Bradstreet Corporation (NYSE NYSE See: New York Stock Exchange :DNB DNB Dictionary of National Biography DNB Drum N Bass (music) DNB De Nederlandsche Bank DNB Dun & Bradstreet (stock symbol) DNB Den Norske Bank DNB David Nelson Band ), based in Murray Hill, New Jersey
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THE DUN & BRADSTREET MANUFACTURING SURVEY
1999 2000 2000 2000
May March April May
Three-Month Expectation Indexes
Production 43 57 50 51
New Orders 44 58 54 54
Unfilled Orders 15 9 12 10
Finished Goods Inventories 11 12 10 9
Exports 13 24 30 30
Industrial Sentiment Index 20 25 25 24
Past Three Months Indexes
Production 13 11 16 16
New Orders 14 18 24 21
Unfilled Orders -1 4 3 4
Finished Goods Inventories 4 -1 -1 2
Exports -2 -3 8 7
Industrial Sentiment Index 4 7 10 9
Supplementary Indexes
Three-Month Expectation Indexes
Selling Prices 11 21 18 15
Employment Levels 19 27 29 28
Total Unit Costs 10 22 22 18
Production Capacity 25 40 39 39
Past Three Months Indexes
Selling Prices 2 6 7 7
Employment Levels -1 0 1 0
Total Unit Costs 19 33 33 33
Production Capacity 7 8 5 6
The indexes are calculated by subtracting the percentage of respondents In the context of marketing research, a representative sample drawn from a larger population of people from whom information is collected and used to develop or confirm marketing strategy. expecting/experiencing a decrease in production, orders, etc. from the percentage expecting/experiencing an increase. Source: Economic Analysis Department The Dun & Bradstreet Corporation |
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