Last updateFri, 14 Aug 2020 6pm

Manufacturing & The Economy

ISM: Factory Activity Expands for First Time Since July

Manufacturing expanded in January, as the PMI registered 50.9%, an increase of 3.1% from the seasonally adjusted December reading of 47.8%. “The PMI expanded in January after contracting for five straight months. Four of the big six industries expanded, compared with two in December. Six of the PMI’s 10 subindexes recorded expansion, a marked improvement from the final months of 2019,” says Timothy R. Fiore, chair of the Institute for Supply Management (ISM) manufacturing business survey committee.

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