Institute for Supply Management
Advancing the purchasing and supply management profession through education and development.
December 17, 2005
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Glossary of Key Purchasing and Supply Terms Term of the Day:

HAZARDOUS MATERIALS
Materials that have been determined by the U.S. Department of Transportation (DOT) to be a risk to health, safety, and property. The term includes such items as explosives, flammables, poisons, corrosives, and radioactive materials. These materials must be packaged, labeled, handled, and transported according to stringent regulations from several agencies. International shipments must comply with docket HM-181, where the term "dangerous goods" is often used interchangeably with hazardous materials.


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REGIONAL BUSINESS SURVEY REPORTS —


For the Month of August 2005:
Region Economy Main Index Comments
Arizona Expanding 63.7 Business Conditions Index continues its upward momentum.
Boston Expanding 53.9 PMI continues to expand; Business Confidence drops slightly to 57.6.
Buffalo Expanding 58.6 Expansion slows significantly, but local economy is still growing.
Chicago Contracting 49.2 Local PMI plummets downward from 63.5, ending 27 consecutive months of continued expansion.
Denver Expanding 54.6 Manufacturing business activity continues to expand; Employment rebounds from contracting in July.
Denver Expanding 61.8 Positive trend in Non-Manufacturing sector continues.
Detroit Expanding 64.4 PMI soars upward, fueled by strong Production, New Orders and Employment.
Houston Expanding 62.9 Employment hovers near record level.
New York Expanding 61.6** Business climate in the Big Apple remains positive.
W. Washington Expanding 62.5 Expansion continues; 90-day forecast holds steady at 60.5.

* These regional business survey reports use 0 (zero) as their breakeven point when referring to their main business conditions index. The national report and the other regional reports listed use 50 percent as their breakeven point.

** This index is a weighted average of the manufacturing and non-manufacturing sectors.

*** This index is a weighted average of the non-manufacturing sector.

 


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