US Factory Activity Growth At 2-Year High: ISM


The Institute for Supply Management’s Manufacturing PMI rose to 54.7 in December of 2016 from 53.2 in November, beating market expectations of 53.6. It is the highest reading since December of 2014 as new orders, production and employment all registered new highs for the year 2016.

The New Orders Index registered 60.2 percent, an increase of 7.2 percentage points from the November reading of 53 percent. 

The Production Index registered 60.3 percent, 4.3 percentage points higher than the November reading of 56 percent. 

The Employment Index registered 53.1 percent, an increase of 0.8 percentage point from the November reading of 52.3 percent.

Inventories of raw materials registered 47 percent, a decrease of 2 percentage points from the November reading of 49 percent. 

The Prices Index registered 65.5 percent in December, an increase of 11 percentage points from the November reading of 54.5 percent, indicating higher raw materials prices for the 10th consecutive month. 

Of the 18 manufacturing industries, 11 are reporting growth in December in the following order: Petroleum & Coal Products; Primary Metals; Miscellaneous Manufacturing; Food, Beverage & Tobacco Products; Apparel, Leather & Allied Products; Paper Products; Machinery; Electrical Equipment, Appliances & Components; Computer & Electronic Products; Fabricated Metal Products; and Chemical Products. The six industries reporting contraction in December — listed in order — are: Plastics & Rubber Products; Furniture & Related Products; Printing & Related Support Activities; Textile Mills; Nonmetallic Mineral Products; and Transportation Equipment.

US Factory Activity Growth At 2-Year High: ISM


ISM | Joana Taborda | joana.taborda@tradingeconomics.com
1/3/2017 3:08:53 PM