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Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations.

The Certified Associate in Project Management (CAPM)® certification is a globally recognized, entry-level credential accepted across many industries. This professional designation is ideal for students, latest graduates and professionals seeking to gain project management experience or manage larger projects.

The CAPM certification can be a crucial stepping stone toward a career in project management and toward earning the Project Management Professional (PMP)® certification. If you’re considering earning the CAPM credential, this article overviews its purpose and benefits, along with key considerations for prospective candidates.

What Is CAPM Certification?

The CAPM certification is a credential administered by the Project Management Institute (PMI)® to prepare candidates for entry-level project management positions.

This beginner-level certificate is ideal for project team members, project managers and other professionals who want to learn and implement the fundamental principles of project management. This designation validates your project management skills and your knowledge of processes, frameworks, methodologies and best practices.

CAPM Requirements

To apply for the CAPM certification and take the exam, candidates must meet the following prerequisites.

  • Have a secondary degree such as a high school diploma, an associate degree or the global equivalent.
  • Complete 23 hours of project management education by the time you sit for the exam.

The CAPM Certification Exam

The CAPM test comprises 150 questions, which test-takers have three hours to complete. As of 2022, the CAPM test is based on the sixth edition of the Project Management Body of Knowledge (PMBOK)®.

However, the test will change starting in 2023. At that point, test-takers should pivot their focus to PMI’s CAPM test content outline. This outline comprises four sections, each of which is included in the CAPM exam. The sections are:

  • Agile frameworks and methodologies
  • Business analysis frameworks
  • Predictive plan-based methodologies
  • Project management core concepts and fundamentals

Benefits of CAPM Certification

The CAPM certification is a popular designation that helps companies and organizations find well-suited candidates with certifiable knowledge and experience in project management. Below are some of the benefits that come with earning the CAPM certification.

Validates Credibility, Skills and Knowledge

The CAPM certification evaluates candidates against rigorous guidelines, requiring professionals to meet specific competency measures regarding project management skills, processes and best practices. This assessment process demands a strong understanding of best practices, principles, industry-standard ethics and professional conduct.

This designation signals to potential employers that you can fulfill their organization’s specific roles and requirements.

Develop Leadership Skills

In addition to expanding their project management knowledge, CAPM candidates develop leadership skills through the certification process. Entry-level practitioners can learn to manage teams effectively in various work environments. The certification process also teaches project management and leadership fundamentals, which typically include the following.

  • Human resource management
  • Project and organization lifecycle
  • Project integration management
  • Project management processes
  • Project scope management
  • Quality management
  • Stakeholder and communications management
  • Time, cost and risk management

Helps Your Resume Stand Out

Earning the CAPM credential demonstrates certifiable competency in the fundamentals of project management. This certification can deliver you a competitive edge over other entry-level job applicants. Becoming CAPM-certified also indicates a commitment to advancing your skills and knowledge in the field.

Career Development and Advancement

Earning the CAPM certification can help you qualify for various project management roles. Here are some common jobs that CAPM-certified professionals can pursue.

  • Assistant project manager
  • Program manager
  • Project analyst
  • Project coordinator
  • Project manager
  • Technical project manager

Moreover, CAPM certification fulfills the project management education/training requirement for PMP certification. If you’re debating between the CAPM vs. PMP credentials, we recommend starting with the CAPM.

Higher Earning Potential

Payscale reports that the average CAPM certification salary is around $68,000 per year.

What to Consider Before Earning CAPM Certification

The CAPM certification is one way for entry-level project management professionals to develop their skills and knowledge, position themselves as valuable assets to potential employers and expand opportunities for career advancement.

Still, you should take a few considerations into account before pursuing the CAPM certification. Two such considerations are time commitment and CAPM certification cost.

Can You Invest the Time Required?

Candidates typically spend one to three months studying for the CAPM exam. Successful test-takers usually use a combination of courses, study groups and self-study to prepare.

PMI recommends that CAPM candidates review the CAPM handbook, quiz themselves using PMI-provided sample questions, complete a formal study course through one of PMI’s authorized training partners and review the sixth edition of the PMBOK.

To fulfill the education requirement, you can sign up for PMI’s course on project management basics. This course meets the CAPM-required 23 educational hours.

Can You Afford It?

The CAPM certification test costs $225 for PMI members and $300 for nonmembers. These prices do not include the costs of CAPM training or test preparation courses. Training course prices vary depending on the program and organization. Generally, the cost of CAPM bootcamps, training courses and classes ranges between $200 and $500.

The current CAPM certification test is based on the sixth-edition PMBOK, which PMI members receive with their memberships. Nonmembers must purchase this guide if they want to use it to prepare for the exam. The cost of the PMBOK guide can vary depending on the retailer.

Does Your Company or Future Career Value or Require It?

Certification requirements vary depending on your employer, company and organization. If you aspire to work in a specific role or with a particular organization, consider researching the job requirements to see if they include CAPM certification.

Project management skills are in high demand across many industries and organizations. Earning a globally recognized certification can make you more marketable and increase your job opportunities.

Will Your CAPM Certification Pay Off?

Is PMI certification worth it? We think so, and starting with the CAPM credential is a great first step.

There’s a rising global demand for project managers across many industries. A 2021 report from PMI projects that the global economy will add 25 million new project jobs by 2030. To keep up with this demand, 2.3 million professionals would need to enter the project management field every year until 2030, indicating a steady demand that could create strong job security.

Moreover, even early-career project management professionals earn relatively high salaries, according to the results of a salary survey by PMI. In the U.S., project managers with less than three years of experience earn a median annual salary of $78,279.

Earning your CAPM certification can be a vital stepping stone in your career. CAPM certification can help with career advancement and increase your earning potential.

Frequently Asked Questions About CAPM Certification

How much does CAPM certification cost?

The CAPM certification test costs $300 for non-PMI members and $225 for PMI members. This price does not include the cost of training or other study materials, which vary in cost depending on the provider.

What is the difference between PMP and CAPM certification?

Both are PMI certifications. CAPM certification serves entry-level project management professionals. The PMP designation is reserved for more experienced project managers. The CAPM credential fulfills the PMP’s educational requirements, making it a great stepping stone.

The CAPM test includes 150 multiple-choice questions and needs to be completed within the three-hour time limit. Some test-takers find the test quite challenging. PMI recommends using a combination of study methods to prepare.

Wed, 30 Nov 2022 23:15:00 -0600 Mariah St John en-US text/html https://www.forbes.com/advisor/education/capm-certification/
Killexams : Is CAPM Worth It? Salary And Job Growth

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations.

If you’re a project management professional with less than three years of experience, and you are looking to boost your resume and certify your skills and knowledge, the Certified Associate of Project Management (CAPM)® certification may benefit you.

Early-career professionals who are wondering if the CAPM is worth it should consider the certification’s key factors. This article overviews factors to consider regarding CAPM certification, including costs, salary and growth potential and career options.

What is CAPM Certification?

The CAPM certification is a beginner-level credential administered by the Project Management Institute (PMI) that validates an individual’s knowledge and competency in project management fundamentals. The certification serves entry-level professionals, project team members and project managers who are seeking to advance their knowledge and implement best practices in their day-to-day work.

CAPM Certification Cost and Exam​​

Several components factor into the total CAPM certification cost. These expenses include test fees, training costs, study resources and renewal fees.

The CAPM test fee is mandatory, and test-takers must pay it directly to PMI. The fee breaks down as follows.

  • Exam fee. $225 for PMI members and $300 for nonmembers
  • Re-examination fee. $60 for PMI members and $150 for nonmembers

Training Costs

CAPM training and test preparation courses typically incur additional costs. Fees for training courses vary depending on the program. CAPM bootcamps typically start at around $200. In just three or four days, these programs provide the 23 hours of project management education required for CAPM certification.

A training course can cost between $300 and $500. There are several training options available for certification candidates with varying budgets.

PMI bases the current CAPM certification test on the sixth edition of the Project Management Body of Knowledge (PMBOK)® Guide. PMI members receive this guide with their memberships. Nonmembers must purchase the PMBOK if they want to use it to prepare for the exam. PMI bundles this edition of the PMBOK Guide with its Agile Practice Guide, which is available to purchase from PMI for $49.

Note that starting in 2023, the CAPM test will no longer be based on the PMBOK Guide.

Resources and Practice Tests

For the current version of the CAPM exam, test-takers should review the sixth edition of the PMBOK. PMI also recommends those pursuing CAPM certification to prepare through courses and study groups in addition to self-study. Local PMI chapters often offer formal study courses, as do PMI-authorized training partners. Costs vary among providers.

CAPM candidates may take practice exams as well. The costs of these exams widely vary, and there are some free practice tests available online. PMI offers sample test questions and the CAPM handbook—both excellent tools for self-study—online for free.

CAPM Renewal Costs

The CAPM renewal fee is $60 for PMI members and $150 for nonmembers. CAPM-certified professionals who want to maintain their CAPM status must renew their certification every three years, during which they must complete 15 professional development units.

PMI periodically updates the renewal process for CAPM certification, so make sure to check PMI’s website to stay on top of the most current renewal requirements and costs.

CAPM Salary and Job Growth Potential

PMI projects that the global economy will need 25 million new project management employees to meet demand by 2030: 12 million due to the field’s projected expansion, and 13 million due to worker retirements. This amounts to 2.3 million project management job openings per year until 2030, indicating strong, steady growth for the field.

Even early-career project management professionals earn relatively high salaries as well, according to PMI. In the U.S., project professionals with less than three years of experience earn a median annual salary of $78,279.

Below we list a few roles, spanning from entry-level to senior positions, that you may qualify for with a CAPM certification.

Project Management Analyst

Median Annual Salary: $93,000

Job Description: Management analysts make recommendations to Excellerate organizations’ efficiency. These professionals, also called management consultants, analyze how an organization might increase its profits by reducing costs and increasing revenues and advise managers accordingly.

Management analysts should have a bachelor’s degree and several years of work experience. CAPM certification is not required for this role, but it can bolster your resume.

Project Coordinator

Average Annual Salary: More than $48,000

Job Description: Project coordinators assist project managers by organizing projects to ensure they’re completed on time and within budget. These professionals coordinate project management activities, resources and equipment. They also collaborate with clients to identify and define project objectives, requirements and scope.

Project coordinators analyze risks, monitor project plans and oversee work hours, schedules and spending. Project coordinators often organize and participate in stakeholder meetings.

Project Manager

Median Annual Salary: $94,500

Job description: Project managers provide critical leadership to help organizations complete projects. These professionals oversee ongoing projects to ensure teams meet deadlines, project requirements and client expectations. They submit deliverables, prepare status reports and streamline communications between teams, team members, stakeholders and clients. They help identify and resolve issues that arise during the project duration.

Project Management Director

Average Annual Salary: More than $123,000

Job description: Project management directors strategically develop, direct and manage multiple projects within larger organizations. They establish methodologies and standards to set measurable quality and productivity targets. These professionals oversee finances, coordinate resources within the defined scope and monitor potential risks to ensure teams complete projects on time and within budget.

Is a CAPM Certification Worth It?

The CAPM certification is a respected designation that indicates a commitment to the field and certifiable knowledge and experience in project management. If you’re contemplating earning a CAPM certification, consider the following factors before taking the plunge.

Consider Your Career

A CAPM certification can help individuals with up to three years of experience in project management boost their resumes and help their job applications stand out.

The certification is a solid place to start if your professional goals include project management. It can serve as a stepping stone toward more advanced positions and certifications in the field, such as the Project Management Professional (PMP)® credential. In fact, CAPM certification fulfills the formal training PMP certification requirements.

Look at Earning Potential

Earning CAPM certification can increase your earning potential. Payscale reports that CAPM-certified professionals earn around $68,000 per year. Note that several factors can impact your earning potential, including your level of education, job title, location and professional experience.

Expand Your Job Opportunities

CAPM certification assesses candidates against strict guidelines that demand competency in and knowledge of project management skills, methodologies, processes and best practices. This professional designation can help your resume stand out and deliver you a competitive edge when applying for jobs. It signals to employers that you can successfully fulfill their roles, duties and responsibilities.

A Stepping Stone to the PMP Certification

CAPM certification builds a strong foundation in project management fundamentals and can serve as a stepping stone toward the PMP certification. Before applying for the PMP exam, candidates must meet the following requirements.

  • Hold a four-year degree.
  • Have 36 months of experience in leading projects.
  • Complete 35 hours of project management education or training or CAPM certification.

Alternatively, you may:

  • Hold a high school diploma or associate degree.
  • Have 60 months of experience leading projects.
  • Complete 35 hours of project management education or training or CAPM certification.
Thu, 01 Dec 2022 11:04:00 -0600 Mariah St John en-US text/html https://www.forbes.com/advisor/education/capm-certification-salary/
Killexams : PMI identifies new skill set for project success in Nigeria

By Chinenye Anuforo, Lagos

Project Management Institute (PMI), the world’s leading association for project professionals and changemakers, has released its “Pulse of the Profession 2023” – a report that identifies key trends in project management based on findings from PMI’s global survey of 3,500 project, program and portfolio managers.​

Across the 3,500 project professionals surveyed, regardless of region, industry, years of experience, leadership level, or Project Management Professional (PMP) certification status, there was a consensus around the most critical power skills: communication, problem-solving, collaborative leadership, and strategic thinking.

As noted in the PMI Talent Triangle, power skills are a critical skill set for project professionals to navigate the changing world of work and embrace smarter ways of working. Organisations sufficiently tapping into power skills, in addition to technical skills and business acumen, can expect to be better at handling complex project challenges, market changes, technological adoptions, and socioeconomic pressures.

The survey found that organisations placing a high priority on power skills tend to perform better against multiple key drivers of success. 72 per cent of their projects successfully met business goals, only 28 per cent of their projects experienced scope creep, and they experienced less budget loss (17 per cent) when a project failed.

In addition, organisations prioritising power skills are approximately three times more likely to report high benefits realisation management per cent maturity, which is the number one key driver of success for projects identified in the research. Furthermore, they are two times more likely to report high project management maturity, and approximately three times more likely to report high organisational agility.

And while nine out of ten project professionals agree that power skills help them work smarter, organisations face challenges in prioritising the development of power skills. In fact, the report cites cost as the number one barrier to developing power skills, followed by a lack of perceived value. Furthermore, project professionals said they spend 46 per cent of their professional development hours on technical skills and only 29 per cent on power skills.

“Our organisation is committed to empowering project professionals to develop the most robust set of skills to keep pace and create impact,” said Pierre Le Manh, President and Chief Executive Officer of PMI. “Technical skills and business acumen will always be important in project management, but this research shows that to drive the best project outcomes possible, organisations and project leaders must prioritise the development of power skills, too.”

A total of 3,492 project professionals representing a range of industries and regions, including North America, Latin America and the Caribbean, China, Europe, South Asia, the Middle East and North Africa, Asia Pacific, and Sub-Saharan Africa were surveyed for the creation of this report. The report was supplemented with 12 in-depth interviews with project management experts spanning a range of industries and regions.

Tue, 29 Nov 2022 06:30:00 -0600 en-us text/html https://www.sunnewsonline.com/pmi-identifies-new-skill-set-for-project-success-in-nigeria/
Killexams : French manufacturing PMI revised lower, but price pressures continue to ease

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Killexams : Germany Manufacturing PMI revised lower to 46.2 in November, extending decline for a fifth straight month

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Killexams : Manufacturing PMI® at 49%; November 2022 Manufacturing ISM® Report On Business®

New Orders Contracting; Production Growing; Backlogs Contracting; provider Deliveries Faster; Raw Materials Inventories Growing; Customers' Inventories Too Low; Prices Decreasing; Exports and Imports Contracting

TEMPE, Ariz., Dec. 1, 2022 /PRNewswire/ -- Economic activity in the manufacturing sector contracted in November for the first time since May 2020 after 29 consecutive months of growth, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®.

The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee:

"The November Manufacturing PMI® registered 49 percent, 1.2 percentage points lower than the 50.2 percent recorded in October. Regarding the overall economy, this figure indicates expansion for the 30th month in a row after contraction in April and May 2020. The Manufacturing PMI® figure is the lowest since May 2020, when it registered 43.5 percent. The New Orders Index remained in contraction territory at 47.2 percent, 2 percentage points lower than the 49.2 percent recorded in October. The Production Index memorizing of 51.5 percent is a 0.8-percentage point decrease compared to October's figure of 52.3 percent. The Prices Index registered 43 percent, down 3.6 percentage points compared to the October figure of 46.6 percent; this is the index's lowest memorizing since May 2020 (40.8 percent). The Backlog of Orders Index registered 40 percent, 5.3 percentage points lower than the October memorizing of 45.3 percent. The Employment Index returned to contraction territory (48.4 percent, down 1.6 percentage points) after being unchanged in October at 50 percent. The provider Deliveries Index memorizing of 47.2 percent is 0.4 percentage point higher than the October figure of 46.8 percent. Except for last month, the provider Deliveries Index hasn't been at this level since February 2012 (47 percent). The Inventories Index registered 50.9 percent, 1.6 percentage points lower than the October memorizing of 52.5 percent. The New Export Orders Index memorizing of 48.4 percent is up 1.9 percentage points compared to October's figure of 46.5 percent. The Imports Index dropped into contraction territory at 46.6 percent, 4.2 percentage points below the October memorizing of 50.8 percent."

Fiore continues, "The U.S. manufacturing sector dipped into contraction, with the Manufacturing PMI® at its lowest level since the coronavirus pandemic recovery began. With Business Survey Committee panelists reporting softening new order rates over the previous six months, the November composite index memorizing reflects companies' preparing for future lower output. Demand eased, with the (1) New Orders Index remaining in contraction territory, (2) New Export Orders Index below 50 percent for a fourth consecutive month, (3) Customers' Inventories Index effectively in 'just right' territory, climbing 7.1 percentage points, and (4) Backlog of Orders Index moving deeper into contraction. Output/Consumption (measured by the Production and Employment indexes) declined month over month, with a combined negative 2.4-percentage point impact on the Manufacturing PMI® calculation. The Employment Index moved back into contraction, and the Production Index decreased but still remained in modest growth territory. Panelists' companies confirm that they are continuing to manage head counts through a combination of hiring freezes, employee attrition, and now layoffs. Inputs — defined as provider deliveries, inventories, prices and imports — mostly accommodated future demand growth. The provider Deliveries Index indicated faster deliveries, and the Inventories Index expanded at a slower rate as panelists' companies continued to manage the total supply chain inventory. The Prices Index decreased for the ninth consecutive month, falling deeper into contraction territory.

"Of the six biggest manufacturing industries, two — Petroleum & Coal Products; and Transportation Equipment — registered weak-to-moderate growth in November.

"Manufacturing contracted in November after expanding for 29 straight months. Panelists' companies continue to judiciously manage hiring, other than October 2022, the month-over-month provider delivery performance was the best since February 2012 when it registered 47 percent, and material lead times declined approximately 9 percent from the prior month, approximately 18 percent over the last four months. Managing head counts and total supply chain inventories remain primary goals. Order backlogs, prices and now lead times are declining rapidly, which should bring buyers and sellers back to the table to refill order books based on 2023 business plans."

Six manufacturing industries reported growth in November, in the following order: Apparel, Leather & Allied Products; Nonmetallic Mineral Products; Primary Metals; Miscellaneous Manufacturing; Petroleum & Coal Products; and Transportation Equipment. The 12 industries reporting contraction in November, in the following order, are: Printing & Related Support Activities; Wood Products; Paper Products; Textile Mills; Fabricated Metal Products; Furniture & Related Products; Chemical Products; Plastics & Rubber Products; Computer & Electronic Products; Food, Beverage & Tobacco Products; Machinery; and Electrical Equipment, Appliances & Components.

WHAT RESPONDENTS ARE SAYING

  • "Customer demand is softening, yet suppliers are maintaining high prices and record profits. Pushing for cost reductions based on market evidence has been surprisingly successful." [Computer & Electronic Products]

  • "Future volumes are on a downward trend for the next 60 days." [Chemical Products]

  • "Orders for transportation equipment remain strong. Supply chain issues persist, with minimal direct effect on output." [Transportation Equipment]

  • "Consumer goods are slowing down in several of our markets, although the U.S. economy seems decent. Cannot say the same for the European economy." [Food, Beverage & Tobacco Products]

  • "General economic uncertainty has created a slowdown in orders as we approach the end of the year, and many of our key customers are reducing their capital expenditures spend." [Machinery]

  • "Overall, things are worsening. Housing starts are down. We're doing well against our competitors, but the industry overall is down. We're sitting on cash (that is) tied up in inventory." [Electrical Equipment, Appliances & Components]

  • "The market remains consistent: sales match expectations; there are concerns about the impact of rising interest rates on customers; most suppliers have recovered on labor, but some are still struggling; and inflation seems to have peaked, but commodity price decreases have not been passed through to us. Lots of unknowns regarding impact to the European Union from the Russia-Ukraine war and questions about customer behavior in 2023." [Miscellaneous Manufacturing]

  • "There is caution going into 2023, but the commercial section of construction seems to still be going strong." [Nonmetallic Mineral Products]

  • "Looking into December and the first quarter of 2023, business is softening as uncertain economic conditions lie ahead." [Plastics & Rubber Products]

  • "Slight improvement on overall business conditions from the previous month." [Primary Metals]

MANUFACTURING AT A GLANCE
November 2022

Index

Series
Index

Nov

Series
Index

Oct

Percentage

Point

Change

Direction

Rate of
Change

Trend*
(Months)

Manufacturing PMI®

49.0

50.2

-1.2

Contracting

From Growing

1

New Orders

47.2

49.2

-2.0

Contracting

Faster

3

Production

51.5

52.3

-0.8

Growing

Slower

30

Employment

48.4

50.0

-1.6

Contracting

From Unchanged

1

Supplier Deliveries

47.2

46.8

+0.4

Faster

Slower

2

Inventories

50.9

52.5

-1.6

Growing

Slower

16

Customers' Inventories

48.7

41.6

+7.1

Too Low

Slower

74

Prices

43.0

46.6

-3.6

Decreasing

Faster

2

Backlog of Orders

40.0

45.3

-5.3

Contracting

Faster

2

New Export Orders

48.4

46.5

+1.9

Contracting

Slower

4

Imports

46.6

50.8

-4.2

Contracting

From Growing

1

OVERALL ECONOMY

Growing

Slower

30

Manufacturing Sector

Contracting

From Growing

1

Manufacturing ISM® Report On Business® data is seasonally adjusted for the New Orders, Production, Employment and Inventories indexes.
*Number of months moving in current direction.

COMMODITIES REPORTED UP/DOWN IN PRICE AND IN SHORT SUPPLY

Commodities Up in Price
Electrical Components; Electricity; Electronic Components (24); and Labor — Temporary (3).

Commodities Down in Price
Aluminum (7); Copper (2); Freight; Lumber (3); Ocean Freight (3); Plastic Resins (6); Polypropylene (4); Steel (7); Steel — Carbon (5); Steel — Hot Rolled (7); and Steel Products (5).

Commodities in Short Supply
Electrical Components (26); Electronic Components (24); Hydraulic Components (7); Rubber Based Products; Semiconductors (24); and Steel Products.

Note: The number of consecutive months the commodity is listed is indicated after each item.

NOVEMBER 2022 MANUFACTURING INDEX SUMMARIES

Manufacturing PMI®
The U.S. manufacturing sector contracted in November, as the Manufacturing PMI® registered 49 percent, 1.2 percentage points below the memorizing of 50.2 percent recorded in October. "After five months of flat or marginally positive change, the decrease last month took the Manufacturing PMI® into contraction. Of the five subindexes that directly factor into the Manufacturing PMI®, two (Production and Inventories) were in growth territory, though both eased. The PMI® registered its lowest level since May 2020, when the index was 43.5 percent. Of the six biggest manufacturing industries, two — Petroleum & Coal Products; and Transportation Equipment — registered weak-to-moderate growth in November. The Production Index decreased 0.8 percentage point, inching closer to contraction territory. Supply chain congestion continued to ease, indicated by the provider Deliveries Index showing faster deliveries. Only two of the 10 subindexes were positive for the period," says Fiore. A memorizing above 50 percent indicates that the manufacturing sector is generally expanding; below 50 percent indicates that it is generally contracting.

A Manufacturing PMI® above 48.7 percent, over a period of time, generally indicates an expansion of the overall economy. Therefore, the November Manufacturing PMI® indicates the overall economy grew in November for the 30th consecutive month following contraction in April and May 2020. "The past relationship between the Manufacturing PMI® and the overall economy indicates that the Manufacturing PMI® for November (49 percent) corresponds to a 0.1-percent increase in real gross domestic product (GDP) on an annualized basis," says Fiore.

THE LAST 12 MONTHS

Month

Manufacturing
PMI®

Month

Manufacturing
PMI®

Nov 2022

49.0

May 2022

56.1

Oct 2022

50.2

Apr 2022

55.4

Sep 2022

50.9

Mar 2022

57.1

Aug 2022

52.8

Feb 2022

58.6

Jul 2022

52.8

Jan 2022

57.6

Jun 2022

53.0

Dec 2021

58.8

Average for 12 months – 54.4

High – 58.8

Low – 49.0

New Orders
ISM®'s New Orders Index contracted for the third consecutive month in November, registering 47.2 percent, a decrease of 2 percentage points compared to the 49.2 percent reported in October. "None of the six largest manufacturing sectors reported increased new orders. Price and lead time declines as well as backlog contraction should encourage buyers to reenter the market and sales agents to be more aggressive in seeking new business," says Fiore. (For more on lead times, see the Buying Policy section of this report.) A New Orders Index above 52.9 percent, over time, is generally consistent with an increase in the Census Bureau's series on manufacturing orders (in constant 2000 dollars).

Of the 18 manufacturing industries, only one reported growth in new orders in November: Apparel, Leather & Allied Products. Fourteen industries reported a decline in new orders in November, in the following order: Wood Products; Printing & Related Support Activities; Paper Products; Primary Metals; Nonmetallic Mineral Products; Electrical Equipment, Appliances & Components; Fabricated Metal Products; Machinery; Plastics & Rubber Products; Chemical Products; Transportation Equipment; Miscellaneous Manufacturing; Food, Beverage & Tobacco Products; and Computer & Electronic Products.

New Orders

%Higher

%Same

%Lower

Net

Index

Nov 2022

12.7

62.3

25.0

-12.3

47.2

Oct 2022

18.3

56.4

25.3

-7.0

49.2

Sep 2022

16.0

62.8

21.2

-5.2

47.1

Aug 2022

17.5

63.1

19.4

-1.9

51.3

Production
The Production Index registered 51.5 percent in November, 0.8 percentage point lower than the October memorizing of 52.3 percent, indicating growth for the 30th consecutive month. "Of the top six industries, only two — Computer & Electronic Products; and Transportation Equipment — expanded in November. Materials and labor availability continue to improve, as panelists' companies begin to significantly reduce their backlogs of overdue orders," says Fiore. An index above 52.4 percent, over time, is generally consistent with an increase in the Federal Reserve Board's Industrial Production figures.

The seven industries reporting growth in production during the month of November — listed in order — are: Apparel, Leather & Allied Products; Primary Metals; Nonmetallic Mineral Products; Computer & Electronic Products; Plastics & Rubber Products; Transportation Equipment; and Electrical Equipment, Appliances & Components. The seven industries reporting a decrease in production in November — in the following order — are: Printing & Related Support Activities; Textile Mills; Furniture & Related Products; Machinery; Food, Beverage & Tobacco Products; Miscellaneous Manufacturing; and Fabricated Metal Products.

Production

%Higher

%Same

%Lower

Net

Index

Nov 2022

20.2

61.7

18.1

+2.1

51.5

Oct 2022

20.2

62.3

17.5

+2.7

52.3

Sep 2022

17.5

64.3

18.2

-0.7

50.6

Aug 2022

17.6

65.4

17.0

+0.6

50.4

Employment
ISM®'s Employment Index registered 48.4 percent in November, 1.6 percentage points lower than the October memorizing of 50 percent. "The index indicated employment contracted after being unchanged for one month. Of the six big manufacturing sectors, only two (Food, Beverage & Tobacco Products; and Machinery) expanded. Labor management sentiment continued to shift, with a number of panelists' companies reducing employment levels through hiring freezes, attrition, and now layoffs. In November, layoffs were mentioned in 14 percent of employment comments, up from 6 percent in October. Turnover rates remained consistent, with 30 percent of comments citing backfill and retirement issues, generally the same rate since September. For those companies expanding their workforces, comments continue to support an improving hiring environment," says Fiore. An Employment Index above 50.5 percent, over time, is generally consistent with an increase in the Bureau of Labor Statistics (BLS) data on manufacturing employment.

Of 18 manufacturing industries, seven reported employment growth in November, in the following order: Apparel, Leather & Allied Products; Primary Metals; Miscellaneous Manufacturing; Electrical Equipment, Appliances & Components; Plastics & Rubber Products; Food, Beverage & Tobacco Products; and Machinery. The five industries reporting a decrease in employment in November are: Textile Mills; Paper Products; Computer & Electronic Products; Chemical Products; and Fabricated Metal Products. Six industries reported no change in employment in November compared to October.

Employment

%Higher

%Same

%Lower

Net

Index

Nov 2022

12.8

70.6

16.6

-3.8

48.4

Oct 2022

16.0

68.9

15.1

+0.9

50.0

Sep 2022

17.5

60.3

22.2

-4.7

48.7

Aug 2022

19.3

68.3

12.4

+6.9

54.2

Supplier Deliveries
The delivery performance of suppliers to manufacturing organizations was faster for a second straight month in November, as the provider Deliveries Index registered 47.2 percent, 0.4 percentage point higher than the 46.8 percent reported in October. Prior to October, the last memorizing under 50 percent was in February 2016 (49.6 percent); this is the first time the index has spent consecutive months in "faster" territory since October-December 2015. Of the top six manufacturing industries, one (Petroleum & Coal Products) reported slower deliveries. "Although a touch slower than the previous month, the November memorizing indicates the best month-over-month provider deliveries performance in more than a decade (since February 2012, when the index registered 47 percent). In November, 86.1 percent of panelists reported 'same' or 'faster' delivery times. Panelists' comments overwhelmingly confirmed that suppliers performed better in November compared to previous months," says Fiore. A memorizing below 50 percent indicates faster deliveries, while a memorizing above 50 percent indicates slower deliveries.

Six of 18 manufacturing industries reported slower provider deliveries in November, in the following order: Apparel, Leather & Allied Products; Textile Mills; Petroleum & Coal Products; Nonmetallic Mineral Products; Primary Metals; and Miscellaneous Manufacturing. The 11 industries reporting faster provider deliveries in November as compared to October — in the following order — are: Wood Products; Electrical Equipment, Appliances & Components; Paper Products; Plastics & Rubber Products; Furniture & Related Products; Fabricated Metal Products; Chemical Products; Computer & Electronic Products; Machinery; Food, Beverage & Tobacco Products; and Transportation Equipment.

Supplier Deliveries

%Slower

%Same

%Faster

  Net

Index

Nov 2022

13.9

66.5

19.6

-5.7

47.2

Oct 2022

11.7

70.2

18.1

-6.4

46.8

Sep 2022

16.8

71.2

12.0

+4.8

52.4

Aug 2022

19.6

71.0

9.4

+10.2

55.1

Inventories
The Inventories Index registered 50.9 percent in November, 1.6 percentage points lower than the 52.5 percent reported for October. "Manufacturing inventories expanded at a slower rate compared to October. The index recorded its lowest level since July 2021, when it registered 49.1 percent. Of the six big manufacturing industries, four (Machinery; Computer & Electronic Products; Transportation Equipment; and Chemical Products) increased manufacturing raw material inventories in November. Panelists' companies continue their efforts to reduce their total supply chain inventories, indicated by the contraction in new orders, slow expansion in manufacturing inventories and the 'just right' level of customers' inventories," says Fiore. An Inventories Index greater than 44.4 percent, over time, is generally consistent with expansion in the Bureau of Economic Analysis (BEA) figures on overall manufacturing inventories (in chained 2000 dollars).

Of 18 manufacturing industries, the eight reporting higher inventories in November — in the following order — are: Nonmetallic Mineral Products; Electrical Equipment, Appliances & Components; Miscellaneous Manufacturing; Primary Metals; Machinery; Computer & Electronic Products; Transportation Equipment; and Chemical Products. The eight industries reporting contracting inventories in November — in the following order — are: Printing & Related Support Activities; Wood Products; Textile Mills; Apparel, Leather & Allied Products; Paper Products; Fabricated Metal Products; Petroleum & Coal Products; and Plastics & Rubber Products.

Inventories

%Higher

%Same

%Lower

Net

Index

Nov 2022

20.9

58.3

20.8

+0.1

50.9

Oct 2022

21.6

63.3

15.1

+6.5

52.5

Sep 2022

23.0

64.9

12.1

+10.9

55.5

Aug 2022

23.2

62.9

13.9

+9.3

53.1

Customers' Inventories
ISM®'s Customers' Inventories Index registered 48.7 percent in November, 7.1 percentage points higher than the 41.6 percent reported for October. "Customers' inventory levels are considered essentially 'just right.' The index recorded its highest level since April 2020 (48.8 percent). The current index level is no longer providing positive support to future manufacturing expansion," says Fiore.

Six industries reported customers' inventories as too high in November, in the following order: Textile Mills; Paper Products; Wood Products; Primary Metals; Chemical Products; and Electrical Equipment, Appliances & Components. The eight industries reporting customers' inventories as too low in November — listed in order — are: Nonmetallic Mineral Products; Machinery; Petroleum & Coal Products; Miscellaneous Manufacturing; Transportation Equipment; Food, Beverage & Tobacco Products; Computer & Electronic Products; and Fabricated Metal Products.

Customers'
Inventories

%
Reporting

%Too
High

%About
Right

%Too
Low

Net

Index

Nov 2022

77

20.6

56.2

23.2

-2.6

48.7

Oct 2022

74

13.4

56.3

30.3

-16.9

41.6

Sep 2022

73

13.5

56.1

30.4

-16.9

41.6

Aug 2022

75

12.2

53.4

34.4

-22.2

38.9

Prices
The ISM® Prices Index registered 43 percent in November, 3.6 percentage points lower compared to the October memorizing of 46.6 percent, indicating raw materials prices decreased for the second time in 29 months. This is the index's lowest level since a memorizing of 40.8 percent in May 2020. Over the past eight months, the index has decreased 44.1 percentage points, including a combined 26-percentage point plunge in July and August. None of the top six manufacturing industries reported increases in prices in November. "Price declines continue to be driven by relaxation in energy markets, copper, steel, aluminum, plastics, corrugate and as well as volatility in freight costs. Notably, 87 percent of respondents reported paying the same or lower prices in November, compared to 80 percent in October," says Fiore. A Prices Index above 52.6 percent, over time, is generally consistent with an increase in the Bureau of Labor Statistics (BLS) Producer Price Index for Intermediate Materials.

In November, only one industry reported paying increased prices for raw materials: Miscellaneous Manufacturing. The 10 industries reporting paying decreased prices for raw materials in November — in the following order — are: Textile Mills; Wood Products; Furniture & Related Products; Fabricated Metal Products; Plastics & Rubber Products; Transportation Equipment; Chemical Products; Electrical Equipment, Appliances & Components; Machinery; and Computer & Electronic Products. Seven industries reported no change in prices in November compared to October.

Prices

%Higher

%Same

%Lower

Net

Index

Nov 2022

13.1

59.8

27.1

-14.0

43.0

Oct 2022

19.7

53.8

26.5

-6.8

46.6

Sep 2022

31.4

40.5

28.1

+3.3

51.7

Aug 2022

31.7

41.6

26.7

+5.0

52.5

Backlog of Orders
ISM®'s Backlog of Orders Index registered 40 percent in November, a 5.3-percentage point decrease compared to October's memorizing of 45.3 percent, indicating order backlogs contracted for the second consecutive month after a 27-month period of expansion. Of the six largest manufacturing sectors, only one — Machinery — expanded order backlogs in November. "Backlogs contracted again in November at a notable rate, as weak new order levels combined with production expansion negatively impacted manufacturing books of business," says Fiore. "The index recorded its lowest level since May 2020, when it registered 38.2 percent."

Two industries reported growth in order backlogs in November: Apparel, Leather & Allied Products; and Machinery. Twelve industries reported lower backlogs in November, in the following order: Wood Products; Textile Mills; Printing & Related Support Activities; Paper Products; Primary Metals; Furniture & Related Products; Chemical Products; Plastics & Rubber Products; Computer & Electronic Products; Electrical Equipment, Appliances & Components; Transportation Equipment; and Fabricated Metal Products.

Backlog of
Orders

%
Reporting

%Higher

%Same

%Lower

Net

Index

Nov 2022

91

13.7

52.6

33.7

-20.0

40.0

Oct 2022

93

17.4

55.8

26.8

-9.4

45.3

Sep 2022

90

25.5

50.8

23.7

+1.8

50.9

Aug 2022

93

24.6

56.7

18.7

+5.9

53.0

New Export Orders ISM®'s New Export Orders Index registered 48.4 percent in November, 1.9 percentage points higher than the October memorizing of 46.5 percent. "The New Export Orders Index contracted in November for the fourth consecutive month after 25 straight months in expansion territory. Weakness in European economies and China's economic sluggishness, as well as the strong dollar, continued to constrain new export order activity and negatively impact new order rates," says Fiore.

Three industries reported growth in new export orders in November: Nonmetallic Mineral Products; Plastics & Rubber Products; and Food, Beverage & Tobacco Products. The four industries reporting a decrease in new export orders in November are: Fabricated Metal Products; Chemical Products; Machinery; and Computer & Electronic Products. Ten industries reported no change in new export orders in November compared to October.

New Export
Orders

%
Reporting

%Higher

%Same

%Lower

Net

Index

Nov 2022

72

11.2

74.4

14.4

-3.2

48.4

Oct 2022

73

6.7

79.5

13.8

-7.1

46.5

Sep 2022

72

9.4

76.7

13.9

-4.5

47.8

Aug 2022

75

9.9

79.0

11.1

-1.2

49.4

Imports
ISM®'s Imports Index registered 46.6 percent in November, a decrease of 4.2 percentage points compared to October's figure of 50.8 percent. "The index moved into contraction in November after five months of expansion, dropping to its lowest level since May 2020 (41.3 percent)," says Fiore.

The four industries reporting growth in imports in November are: Apparel, Leather & Allied Products; Computer & Electronic Products; Miscellaneous Manufacturing; and Transportation Equipment. Nine industries reported lower volumes of imports in November, in the following order: Wood Products; Paper Products; Petroleum & Coal Products; Nonmetallic Mineral Products; Chemical Products; Fabricated Metal Products; Electrical Equipment, Appliances & Components; Machinery; and Food, Beverage & Tobacco Products.

Imports

% Reporting

%Higher

%Same

%Lower

Net

Index

Nov 2022

84

10.2

72.8

17.0

-6.8

46.6

Oct 2022

84

9.3

82.9

7.8

+1.5

50.8

Sep 2022

83

15.2

74.8

10.0

+5.2

52.6

Aug 2022

83

15.6

73.8

10.6

+5.0

52.5

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

Buying Policy
The average commitment lead time for Capital Expenditures in November was 177 days, a decrease of two days compared to October. Average lead time in November for Production Materials was 84 days, a decrease of nine days. Average lead time for Maintenance, Repair and Operating (MRO) Supplies was 44 days, a decrease of four days.

Percent Reporting

Capital
Expenditures

Hand-to-
Mouth

30 Days

60 Days

90 Days

6 Months

1 Year+

Average
Days

Nov 2022

16

4

8

11

33

28

177

Oct 2022

16

6

6

12

30

30

179

Sep 2022

16

5

7

11

32

29

178

Aug 2022

18

5

6

11

29

31

180

Percent Reporting

Production Materials

Hand-to-
Mouth

30 Days

60 Days

90 Days

6 Months

1 Year+

Average
Days

Nov 2022

8

23

25

27

13

4

84

Oct 2022

8

21

26

25

13

7

93

Sep 2022

9

24

24

22

13

8

94

Aug 2022

7

22

24

25

15

7

96

Percent Reporting

MRO Supplies

Hand-to-
Mouth

30 Days

60 Days

90 Days

6 Months

1 Year+

Average
Days

Nov 2022

30

34

17

15

3

1

44

Oct 2022

27

36

16

15

5

1

48

Sep 2022

26

35

19

15

4

1

48

Aug 2022

26

34

21

14

5

0

46

About This Report
DO NOT CONFUSE THIS NATIONAL REPORT with the various regional purchasing reports released across the country. The national report's information reflects the entire U.S., while the regional reports contain primarily regional data from their local vicinities. Also, the information in the regional reports is not used in calculating the results of the national report. The information compiled in this report is for the month of November 2022.

The data presented herein is obtained from a survey of manufacturing supply executives based on information they have collected within their respective organizations. ISM® makes no representation, other than that stated within this release, regarding the individual company data collection procedures. The data should be compared to all other economic data sources when used in decision-making.

Data and Method of Presentation
The Manufacturing ISM® Report On Business® is based on data compiled from purchasing and supply executives nationwide. The composition of the Manufacturing Business Survey Committee is stratified according to the North American Industry Classification System (NAICS) and each of the following NAICS-based industry's contribution to gross domestic product (GDP): Food, Beverage & Tobacco Products; Textile Mills; Apparel, Leather & Allied Products; Wood Products; Paper Products; Printing & Related Support Activities; Petroleum & Coal Products; Chemical Products; Plastics & Rubber Products; Nonmetallic Mineral Products; Primary Metals; Fabricated Metal Products; Machinery; Computer & Electronic Products; Electrical Equipment, Appliances & Components; Transportation Equipment; Furniture & Related Products; and Miscellaneous Manufacturing (products such as medical equipment and supplies, jewelry, sporting goods, toys and office supplies). The data are weighted based on each industry's contribution to GDP. According to the BEA estimates for 2020 GDP (released December 22, 2021), the six largest manufacturing subsectors are: Computer & Electronic Products; Chemical Products; Transportation Equipment; Petroleum & Coal Products; Food, Beverage & Tobacco Products; and Machinery. Beginning in February 2018 with January 2018 data, computation of the indexes is accomplished utilizing unrounded numbers.

Survey responses reflect the change, if any, in the current month compared to the previous month. For each of the indicators measured (New Orders, Backlog of Orders, New Export Orders, Imports, Production, provider Deliveries, Inventories, Customers' Inventories, Employment and Prices), this report shows the percentage reporting each response, the net difference between the number of responses in the positive economic direction (higher, better and slower for provider Deliveries) and the negative economic direction (lower, worse and faster for provider Deliveries), and the diffusion index. Responses are raw data and are never changed. The diffusion index includes the percent of positive responses plus one-half of those responding the same (considered positive).

The resulting single index number for those meeting the criteria for seasonal adjustments (Manufacturing PMI®, New Orders, Production, Employment and Inventories) is then seasonally adjusted to allow for the effects of repetitive intra-year variations resulting primarily from normal differences in weather conditions, various institutional arrangements, and differences attributable to non-moveable holidays. All seasonal adjustment factors are subject annually to relatively minor changes when conditions warrant them. The Manufacturing PMI® is a composite index based on the diffusion indexes of five of the indexes with equal weights: New Orders (seasonally adjusted), Production (seasonally adjusted), Employment (seasonally adjusted), provider Deliveries, and Inventories (seasonally adjusted).

Diffusion indexes have the properties of leading indicators and are convenient summary measures showing the prevailing direction of change and the scope of change. A Manufacturing PMI® reading above 50 percent indicates that the manufacturing economy is generally expanding; below 50 percent indicates that it is generally declining. A Manufacturing PMI® above 48.7 percent, over a period of time, indicates that the overall economy, or gross domestic product (GDP), is generally expanding; below 48.7 percent, it is generally declining. The distance from 50 percent or 48.7 percent is indicative of the extent of the expansion or decline. With some of the indicators within this report, ISM® has indicated the departure point between expansion and decline of comparable government series, as determined by regression analysis. The Manufacturing ISM® Report On Business® survey is sent out to Manufacturing Business Survey Committee respondents the first part of each month. Respondents are asked to report on information for the current month for U.S. operations only. ISM® receives survey responses throughout most of any given month, with the majority of respondents generally waiting until late in the month to submit responses to deliver the most accurate picture of current business activity. ISM® then compiles the report for release on the first business day of the following month.

The industries reporting growth, as indicated in the Manufacturing ISM® Report On Business® monthly report, are listed in the order of most growth to least growth. For the industries reporting contraction or decreases, those are listed in the order of the highest level of contraction/decrease to the least level of contraction/decrease.

Responses to Buying Policy reflect the percent reporting the current month's lead time, the approximate weighted number of days ahead for which commitments are made for Capital Expenditures; Production Materials; and Maintenance, Repair and Operating (MRO) Supplies, expressed as hand-to-mouth (five days), 30 days, 60 days, 90 days, six months (180 days), a year or more (360 days), and the weighted average number of days. These responses are raw data, never revised, and not seasonally adjusted.

ISM ROB Content
The Institute for Supply Management® ("ISM") Report On Business® (both Manufacturing and Non-Manufacturing) ("ISM ROB") contains information, text, files, images, video, sounds, musical works, works of authorship, applications, and any other materials or content (collectively, "Content") of ISM ("ISM ROB Content"). ISM ROB Content is protected by copyright, trademark, trade secret, and other laws, and as between you and ISM, ISM owns and retains all rights in the ISM ROB Content. ISM hereby grants you a limited, revocable, nonsublicensable license to access and display on your individual device the ISM ROB Content (excluding any software code) solely for your personal, non-commercial use. The ISM ROB Content shall also contain Content of users and other ISM licensors. Except as provided herein or as explicitly allowed in writing by ISM, you shall not copy, download, stream, capture, reproduce, duplicate, archive, upload, modify, translate, publish, broadcast, transmit, retransmit, distribute, perform, display, sell, or otherwise use any ISM ROB Content.

Except as explicitly and expressly permitted by ISM, you are strictly prohibited from creating works or materials (including but not limited to tables, charts, data streams, time-series variables, fonts, icons, link buttons, wallpaper, desktop themes, online postcards, montages, mashups and similar videos, greeting cards, and unlicensed merchandise) that derive from or are based on the ISM ROB Content. This prohibition applies regardless of whether the derivative works or materials are sold, bartered, or given away. You shall not either directly or through the use of any device, software, internet site, web-based service, or other means remove, alter, bypass, avoid, interfere with, or circumvent any copyright, trademark, or other proprietary notices marked on the Content or any digital rights management mechanism, device, or other content protection or access control measure associated with the Content including geo-filtering mechanisms. Without prior written authorization from ISM, you shall not build a business utilizing the Content, whether or not for profit.

You shall not create, recreate, distribute, incorporate in other work, or advertise an index of any portion of the Content unless you receive prior written authorization from ISM. Requests for permission to reproduce or distribute ISM ROB Content can be made by contacting in writing at: ISM Research, Institute for Supply Management, 309 West Elliot Road, Suite 113, Tempe, Arizona 85284-1556, or by emailing kcahill@ismworld.org. Subject: Content Request.

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About Institute for Supply Management®
Institute for Supply Management® (ISM®) serves supply management professionals in more than 90 countries. Its 50,000 members around the world manage about US$1 trillion in corporate and government supply chain procurement annually. Founded in 1915 as the first supply management institute in the world, ISM is committed to advancing the practice of supply management to drive value and competitive advantage for its members, contributing to a prosperous and sustainable world. ISM leads the profession through the ISM® Report On Business®, its highly regarded certification programs and the ISM® Advance Digital Platform. This report has been issued by the association since 1931, except for a four-year interruption during World War II.

The full text version of the Manufacturing ISM® Report On Business® is posted on ISM®'s website at www.ismrob.org on the first business day* of every month after 10:00 a.m. ET.

The next Manufacturing ISM® Report On Business® featuring December 2022 data will be released at 10:00 a.m. ET on Wednesday, January 4, 2023.

*Unless the New York Stock Exchange is closed.

Contact:

Kristina Cahill

Report On Business® Analyst

ISM®, ROB/Research Manager

Tempe, Arizona

+1 480.455.5910

Email: kcahill@ismworld.org

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SOURCE Institute for Supply Management

Thu, 01 Dec 2022 01:03:00 -0600 en-US text/html https://finance.yahoo.com/news/manufacturing-pmi-49-november-2022-150000642.html
Killexams : Australian PMI: Demand drags down manufacturing in November No result found, try new keyword!The Australian Industry Group Australian Performance of Manufacturing Index fell 4.9 points to 44.7 in November, indicating deteriorating conditions (readings below 50 points indicate contraction in ... Wed, 30 Nov 2022 12:40:00 -0600 en-US text/html https://www.forexfactory.com/news/1192627-australian-pmi-demand-drags-down-manufacturing-in-november Killexams : Canadian manufacturing PMI remains below par in November No result found, try new keyword!Canada’s manufacturing economy remained inside contraction territory during November, but only just as both output and new orders fell at slower rates compared to October. Moreover, several firms ... Thu, 01 Dec 2022 00:49:00 -0600 en-US text/html https://www.forexfactory.com/news/1192738-canadian-manufacturing-pmi-remains-below-par-in-november Killexams : Project Management Institute Celebrates Contributions to Project Management Industry with Winners of 2022 PMI® Awards

PHILADELPHIA--(BUSINESS WIRE)--Dec 2, 2022--

Project Management Institute (PMI), the world’s leading organization for the project management profession, announced the winners of the 2022 PMI® Awards during a reimagined award ceremony, themed as ILLUMINATE!, at PMI Global Summit. The PMI® Awards highlight project professionals, PMI chapters, groups and published works that advance the project management profession.

Since 1974, PMI has honored organizations and project professionals whose passion, talent, and expertise have made the greatest contributions to project management and PMI. This year’s awards fall under three categories: PMI Project Awards, PMI Research and Academic Awards, and PMI Chapter Awards.

“As the home for project professionals across the globe, PMI celebrates the work that leads us forward–and those who make it possible,” said Pierre Le Manh, President and Chief Executive Officer of Project Management Institute. “Through innovation, collaboration, and a dedication to outcomes that matter, this year’s recognized work and project leaders model the qualities that drive the world forward—directing us all towards a brighter future.”

PMI® Awards:

PMI® Project of the Year Award – This award is the highest project honor and recognizes a single project leading the way in the project management profession. Projects winning this award have achieved excellence of project management practices including superior organizational results, innovation, collaboration, and making positive impacts on society.

  • Winner: Creative Destruction Lab (CDL) Rapid Screening Consortium by Creative Destruction Lab

PMI® Large and Mega Project Award – This award recognizes complex projects that best deliver superior performance of project management practices, superior organizational results, and positive impacts on society with a project budget of more than US$50 million.

  • Winner: Route 2020 Project by Dubai Metro
  • Finalist: Al Madinah Mega Project by King Faisal Specialist Hospital & Research Center
  • Finalist: Sanmen AP1000 Phase I Project by the Shanghai Nuclear Engineering Research & Design Institute

PMI® Small and Mid-Size Project Award – This award recognizes complex projects that best deliver superior performance of project management practices, superior organizational results, and positive impacts on society with a project budget of less than US$50 million.

  • Winner: Medical Oxygen Plant (MOP) by Tata Advanced Systems Limited (TASL)
  • Finalist: COVID-19 300 ICU Hospital Beds by GDID Jubilee
  • Finalist: Multiplan Advocacy Platform Implementation by UST

PMO of the Year® Award – This award honors a Project Management Office (PMO) that has added value to its organization through its support of successful strategic initiatives and demonstrated superior organizational project management capabilities. It also recognizes a PMO that has established a vision for value delivery and has had a positive and clear impact on business results.

  • Winner: Dubai Municipality Project Management Office
  • Finalist: Ontario Power Generation Enterprise Project Management Office
  • Finalist: Johnson & Johnson FS&T Project Management Office

PMI® Fellow Award – This is the highest and most prestigious individual award, honoring professionals for their service to the organization and profession.

PMI® Eric Jenett Person of the Year Award – This award recognizes and honors an individual who has made an outstanding contribution(s) to the project management profession or its practice through leadership, technical project management, and strategic and business management acumen.

  • Imre Szalay
  • Shivani Gupta

PMI® Rising Leader Award – This award recognizes and honors young professionals who have made a significant impact in advancing project management within an organization; advancing the knowledge and understanding of the practice of project management; and demonstrating an understanding of PMI standards, practices, and ethics.

  • Syed Ahsan Mustaqeem PE, PMP
  • Tu Dang Khoa
  • Taras Fedoruk
  • Innocentia Mahlangu
  • Samuel Michael Clark

PMI® Research and Academic Awards

The PMI Research and Academic Awards recognize individuals, groups, and published works that significantly advanced the concepts, knowledge, and practices of project, program, and portfolio management.

PMI® David I. Cleland Project Management Literature Award – The PMI David I. Cleland Project Management Literature Award recognizes the author(s) of a published book that significantly advances project management knowledge, concepts, and practice.

  • Winner: Antonio Nieto-Rodriguez for The Harvard Business Review Project Management Handbook

PMI® Research Achievement Award – The PMI Research Achievement Award recognizes and honors an individual whose work has significantly advanced the concepts, knowledge, and practices of project management through a published body of academic research.

  • Winners:
    • Professor Nathalie Drouin, University of Quebec, Montreal
    • Professor Ralf Müller, BI Norwegian Business School
    • Professor Shankar Sankaran, University of Technology Sydney

PMI® Linn Stuckenbruck Teaching Excellence Award – The PMI Linn Stuckenbruck Teaching Excellence Award honors faculty members for excellence in teaching project management curricula in higher education.

  • Winner: Dr. Scott W. Kramer, Auburn University

PMI® Young Researcher Award – The PMI Young Researcher Award recognizes and celebrates emerging leaders in the academic field of project, program, and/or portfolio management with potential achievements to make a significant impact on the field and practice.

  • Winner: Dr. Johan Ninan, Delft University of Technology

PMI® Chapter Awards

The PMI Chapter Awards program provides recognition of volunteer efforts, motivates chapter leaders, and provides acknowledgment of their contributions toward achieving goals.

Category I - Chapters with 25-300 Members

  • Winner: PMI Gujarat, India Chapter - South Asia
  • Finalists:
    • PMI Columbus, Georgia Chapter - North America
    • PMI Kazakhstan Chapter- Europe
    • PMI Pernambuco, Brazil Chapter- Latin America
    • PMI Taipei, Taiwan Chapter- Asia Pacific
    • PMI Tunisia Chapter- Middle East/North Africa
    • PMI Zimbabwe Chapter- Sub-Saharan Africa

Category II - Chapters with 301–1,500 Members

  • Winner: PMI Trivandrum, Kerala Chapter- South Asia
  • Finalists:
    • PMI Durham Highlands Chapter- North America
    • PMI Kenya Chapter- Sub-Saharan Africa
    • PMI Lebanon Chapter- Middle East/North Africa
    • PMI Queensland Australia Chapter- Asia Pacific
    • PMI Rio Grande do Sul, Brazil Chapter- Latin America
    • PMI Southern Italy Chapter- Europe

Category III - Chapters with Over 1,500 Members

  • Winner: PMI Chicagoland Chapter- North America
  • Finalist: PMI Central Italy Chapter- Europe

If you know a project, PMO, or professional in project management that deserves recognition, nominate them for next year’s PMI Awards today at https://professionalawards.pmi.org/.

About Project Management Institute (PMI)

Project Management Institute (PMI) is the leading professional organization for project management, and the authority for a growing global community of millions of project professionals and individuals who use project management skills. Collectively, these professionals and "changemakers" consistently create better outcomes for businesses, community, and society worldwide.

PMI empowers people to make ideas a reality. Through global advocacy, networking, collaboration, research, and education, PMI prepares organizations and individuals at every stage of their career journey to work smarter so they can drive success in a world of change.

Building on a proud legacy dating to 1969, PMI is a not-for-profit for-purpose organization working in nearly every country around the world to advance careers, strengthen organizational success, and enable project professionals and changemakers with new skills and ways of working to maximize their impact. PMI offerings include globally recognized standards, certifications, online courses, thought leadership, tools, digital publications, and communities.

Visit us at www.PMI.org, www.projectmanagement.com, www.facebook.com/PMInstitute and on Twitter @PMInstitute.

View source version on businesswire.com:https://www.businesswire.com/news/home/20221202005314/en/

CONTACT: MaryKate Dougherty

External Communications Specialist

MaryKate.Dougherty@pmi.org

KEYWORD: PENNSYLVANIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: CONSULTING BUSINESS PROFESSIONAL SERVICES TRAINING EDUCATION

SOURCE: Project Management Institute

Copyright Business Wire 2022.

PUB: 12/02/2022 11:23 AM/DISC: 12/02/2022 11:23 AM

http://www.businesswire.com/news/home/20221202005314/en

Fri, 02 Dec 2022 02:55:00 -0600 en text/html https://www.joplinglobe.com/region/national_business/project-management-institute-celebrates-contributions-to-project-management-industry-with-winners-of-2022-pmi-awards/article_38ca55ef-f53f-507d-97b4-2a8b57d14dc7.html
Killexams : India PMI beats peers, but don't get too impressed yet

Business activity in India’s manufacturing sector continued to gain momentum in November against the backdrop of significant easing in cost pressures. Resilient domestic demand gave the sector’s output a boost, with new orders rising at the fastest pace in three months. The seasonally adjusted S&P Global Purchasing Managers’ Index (PMI) was 55.7 in November, up from 55.3 October. A memorizing above 50 indicates expansion and below 50 points to contraction.

For the 17th month in a row, headline PMI was in the expansion zone and above its long-run average of 53.7. With that, India continues to buck the weaker trend seen in other Asian countries. The Association of Southeast Asian Nations (ASEAN) manufacturing PMI slowed further to 50.7 in November, from 51.6 in October. China’s Caixin manufacturing PMI was in the contraction zone for the fourth month in a row in November.

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Broadly, the November India manufacturing PMI data is good news, but economists point to a divergence between the findings of the PMI survey and the real data. “We still are putting only little stock in the predictive power of these activity metrics, as they continue to jar with the general stagnation seen in hard industrial production numbers," said Miguel Chanco, chief emerging Asia economist at Pantheon Macroeconomics.

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So, investors should not get too impressed just yet. The PMI survey has consistently indicated expansion in export order books, which is in contrast to the weakness seen in non-oil exports over the last few months, said Gaura Sen Gupta, economist at IDFC First Bank. India’s new export orders component fell to 56.3 in November from 56.5 in October, but given the slowdown in global demand being witnessed by peers, this is still high.

However, encouragingly, the moderation trend seen in PMI’s input cost inflation is similar to what the real data shows. The input cost pressure for Indian manufacturers was the weakest in 28 months and the memorizing is well below its long-run average, said the PMI survey report.

“This indicates that the pass-through of input cost increases by producers to consumers is likely to moderate," Sen Gupta said. At the same time, moderation in output inflation remains slow, so the beneficial impact of lower input costs will take some time to be felt in core consumer price index inflation, she said.

To sum up, Indian manufacturers were confident that demand would remain strong in the coming 12 months, giving production volumes a fillip. Thus, business sentiment rose to its highest level in close to eight years, said the survey report.

Meanwhile, the release of November manufacturing PMI data coincides with an upbeat mood in the stock markets. Investors were relieved after US Federal Reserve chairman Jerome Powell said on Wednesday that he sees the possibility of smaller rate increases to begin as early as December.

The Reserve Bank of India’s (RBI’s) monetary policy committee is scheduled to meet on 7 December. RBI’s decision would be closely watched, especially following Powell’s latest comments.

India’s inflation measured via the consumer price index and wholesale price index declined in October and are expected to ease further. According to Thamashi De Silva, assistant economist at Capital Economics Ltd, this should deliver the monetary policy committee enough reason to slow the pace of tightening with a 25 basis points hike to the repo rate in its meeting next week. One basis point is 0.01%. “Further ahead, the tightening cycle is likely to draw to a close by early 2023," De Silva said.

Elsewhere in Mint

In Opinion, Himanshu explains the puzzle of vanishing inequality but rising poverty. Ajit Ranade tells how the RBI's digital currency will help economy. Indira Rajaraman writes on the troubling return of the old pension scheme. Long Story pans the Hindi heartland where Bollywood has gone bust.

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