10/20/2015
The Jordan, Knauff & Company (JKC) Valve Stock Index was down 27.0 percent over the last 12 months, while the broader S&P 500 Index was down 1.5 percent. The JKC Pump Stock Index also decreased 26.7 percent for the same time period.1 The Institute for Supply Management's Purchasing Managers' Index (PMI) fell to 51.1 percent for the month of August compared with 52.7 percent in July. The New Orders Index decreased to 51.7 percent from 56.5 percent, while the Production Index fell 2.4 percentage points to 53.6 percent. Of the 18 manufacturing sectors reporting in the survey, 10 saw growth for the month, including textile mills, paper products and nonmetallic mineral products.


