US Manufacturing Rises for Seventh Straight Month Date Post :

Manufacturing activity in December increased for the seventh consecutive month and the overall economy grew for the 55th straight month, according to the Institute for Supply Management’s (ISM) Report on Business. ISM’s report registered the PMI at 57% in December, dipping from 57.3% in November. The Production Index lost 0.6 of a point to 62.2% and the New Orders Index increased 0.6 of a point to 64.2%. The Prices Index gained 1 point to 53.5%.

Of the 18 industries measured by the ISM, 13 reported growth, including: furniture, paper products and wood products. ISM's report includes indicators for backlog of orders, employment, prices Index, new export orders and imports. See Institute for Supply Management

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