1. Manufacturing Activity October 2015 Presented by: Daniel J. Meckstroth, Ph.D. Vice President and Chief Economist dmeckstroth@mapi.net

2. PMI By Component Purchasing Managers Index 1 Greater than 50 percent equals growth. Source(s): Institute of Supply Management Industry Percent 1 Sept.Aug.Change PMI50.251.1-0.9 Orders50.151.7-1.6 Production51.853.6-1.8 Employment50.551.2-0.7 Slower Supplier Deliveries 50.250.7-0.5 The PMI Survey Signals Slowing Growth in Manufacturing Activity

3. Percent Change IndustrySept.3MMA 1 IndustrySept.3MMA 1 Manufacturing-0.11.6Publishing-1.3-4.0 Top 60% of ProductionPaper-0.5-1.8 Food0.33.5Medical equip., supplies1.6 Aerospace0.81.8Electrical equipment-2.33.4 Computer, electronics-0.21.2Soap, cleaning1.96.7 Machinery0.7-0.3Nonmetal mineral prods.-1.11.7 Fabricated metal-0.2-0.7Printing, support-0.52.2 Motor vehicles, parts0.28.8Next 4% of Production Pharmaceutical-0.31.7Furniture0.43.0 Petroleum, coal products.-0.50.9Wood products-2.0-1.2 Next 33% of ProductionTextile mills0.62.2 Basic chemical0.24.2Textile product mills-0.4-0.9 Primary metals0.4-6.1Apparel-0.22.0 Plastics, rubber-0.54.0Leather products1.2-3.2 Beverage, Tobacco0.20.4 Manufacturing Production, September 2015 The Manufacturing Output Has Been Flat in 2015 1 Year-to-year percent change in a three-month moving average. Source(s): Federal Reserve Board and MAPI

4. Import Growth Slows But Exports Decline, Trade Deficit Balloons Exports and Imports of Manufacturing Goods, Current dollars Source(s): U.S. International Trade Commission and MAPI

5. Manufacturing Employment Fell Again in September Change in Manufacturing Employment Source(s): U.S. Bureau of Labor Statistics and MAPI