05242018Thu
Last updateThu, 24 May 2018 12pm

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Manufacturing & The Economy

U.S. Manufacturing Expanding Near Fastest Rate Since 2004

Manufacturing expanded in January as the PMI registered 59.1%, a decrease of 0.2% from the seasonally adjusted December reading of 59.3%. "This indicates growth in manufacturing for the 17th consecutive month at strong levels led by continued expansion in new order and production activity, with employment growing at a slower rate and supplier deliveries continuing to struggle," says Timothy R. Fiore, chair of the Institute for Supply Management (ISM) Manufacturing Business Survey Committee.

"New Orders expansion continues at a strong pace, with the index at nine straight months at 60% or above." 

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