Pump Market Analysis
10/03/2019
The Jordan, Knauff & Company (JKC) Valve Stock Index was down 19.3 percent over the last 12 months, while the broader S&P 500 Index was up 1 percent. The JKC Pump Stock Index fell 15.2 percent for the same time period.1 The Institute for Supply Management’s Purchasing Managers’ Index (PMI) registered 49.1 percent in August, a decrease of 2.1 percentage points from July, falling into contraction territory for the first time since 2016. The New Orders Index was 47.2 percent, a decrease of 3.6 percentage points, reaching the low set in 2012. The Production Index decreased 1.3 percentage points to 49.5 percent.
![image 1 stock indices](/sites/default/files/1019/stock-chart-1019.png)
![image 2 energy consumption](/sites/default/files/1019/rig-counts-1019.png)
![image 3 US PMI](/sites/default/files/1019/pmi-shipments-1019.png)