Pump Market Analysis
Jordan, Knauff & Company
02/14/2018
The Jordan, Knauff & Company (JKC) Valve Stock Index was up 10.9 percent over the last twelve months, while the broader S&P 500 Index was up 18.4 percent. The JKC Pump Stock Index increased 3.7 percent for the same time period.1 The Institute for Supply Management’s Purchasing Managers’ Index (PMI) reached its highest level in three months in December, rising to 59.7 percent from 58.2 percent in November. Faster growth was seen in new orders, rising to 69.4 percent (the fastest pace in 13 years) from 64.0 percent; production, increasing to 65.8 percent from 63.9 percent; and new export orders rising to 58.5 percent (a six month high) from 56.0 percent. Order backlogs increased a point to 56.0 percent.


