Manufacturing Index Jumps to 53.1% for January

Manufacturing improved for the second month in a row for January, according to an Institute for Supply Management report released today.

The index based on surveys of purchasing managers rose to 53.1%, a 2.9-percentage-point increase over December's 50.2%. This newest report solidifies the sector's 50%+ reading after a dip below in November. A rating above 50% indicates that manufacturing is expanding. The PMI's average over the past 12 months has been 51.6%.

Source: Author, data from ISM. 

Market analysts had expected a slight rebound to 50.7%. Instead, the reading bounced back to the highest number since May 2012's 52.5%. 

The Institute's individual indices for new orders, production, and employment all moved higher for January. New orders, led by textile mills, bumped up to 53.3% to beat December's 49.7%. Production clocked in 1 percentage point higher than December at 53.6%, boosted primarily by electrical equipment manufacturing. Employment topped the bunch, adding 2.1 percentage points to its index to reach 54% for January. Industries showing growth in employment were led by petroleum and coal products and plastics and rubber products.


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2231221, ~/Articles/ArticleHandler.aspx, 9/20/2014 8:18:40 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement