The manufacturing sector continued to grow in December, but at a slightly lower rate compared to November, according to data released by the Institute for Supply Management on Tuesday. The data, taken before the full effect of the omicron variant was felt, pointed to the same big picture of healthy ... READ MORE >
ISM purchasing managers' index
Key manufacturing index shows expansion in January, but may not be sustainable
The Institute for Supply Management on Monday said its purchasing managers' index (PMI) increased to 50.9 in January against an expectation of 48.5, rising above 50 for the first time since July 2019, and from a four-year low of 47.8 in December. An indicator above 50 is considered an expansion in ... READ MORE >
Manufacturing activity declines for fourth straight month, ISM report shows
American factory activity declined for the fourth straight month in November as sluggish global growth and continued uncertainty over trade issues took their toll, according a key gauge released Monday by the Institute for Supply Management. The ISM’s purchasing managers’ index dropped to 48.1 in ... READ MORE >