Mon07282014

Last updateMon, 28 Jul 2014 3pm

Back You are here: Home News Industry Headlines Manufacturing & The Economy ISM: Manufacturing Activity Expands for Second Consecutive Month

Manufacturing & The Economy

ISM: Manufacturing Activity Expands for Second Consecutive Month

Manufacturing expanded in January as the PMI registered 53.1%, an increase of 2.9% when compared to December's seasonally adjusted reading of 50.2%. A reading above 50% indicates that the manufacturing economy is generally expanding; below 50% indicates that it is generally contracting.

A PMI in excess of 42.2%, over a period of time, generally indicates an expansion of the overall economy. Therefore, the January PMI indicates growth for the 44th consecutive month in the overall economy, and indicates expansion in the manufacturing sector for the second consecutive month.

"The PMI registered 53.1%, an increase of 2.9% from December's seasonally adjusted reading of 50.2%, indicating expansion in manufacturing for the second consecutive month. The New Orders Index registered 53.3%, an increase of 3.6% over December's seasonally adjusted reading of 49.7%, indicating growth in new orders. Manufacturing is starting out the year on a positive note, with all five of the PMI™'s component indexes — new orders, production, employment, supplier deliveries and inventories — registering above 50% in January," said Bradley J. Holcomb, CPSM, CPSD, chair of the ISM Manufacturing Business Survey Committee.

 

Valve Magazine Digital Edition

14 SUM CVR 160x214Inside the Summer 2014 issue…

• Attracting Talent
• Advances in Machining
• Severe Service in Power Plants
• SIS Tests and Standards

CLICK HERE TO REQUEST YOUR
DIGITAL EDITION PREVIEW EMAIL

prohormones guide best pro hormone supplement injectable steroids work deca durabolin effects clenbuterol price