US Factory Activity Growth At Over 2-Year High: ISM


The Institute for Supply Management’s Manufacturing PMI rose to 56 in January of 2017 from a downwardly revised 54.5 in December and well above market expectations of 55. It is the highest reading since November of 2014 as new orders, production and employment increased and business conditions are seen generally positive.

The New Orders Index registered 60.4 percent, an increase of 0.1 percentage point from the seasonally adjusted December reading of 60.3 percent. 

The Production Index registered 61.4 percent, 2 percentage points higher than the seasonally adjusted December reading of 59.4 percent. 

The Employment Index registered 56.1 percent, an increase of 3.3 percentage points from the seasonally adjusted December reading of 52.8 percent. 

Inventories of raw materials registered 48.5 percent, an increase of 1.5 percentage points from the December reading of 47 percent. 

The Prices Index registered 69 percent in January, an increase of 3.5 percentage points from the December reading of 65.5 percent, indicating higher raw materials prices for the 11th consecutive month. 

Of the 18 manufacturing industries, 12 reported growth in January in the following order: Plastics & Rubber Products; Miscellaneous Manufacturing; Apparel, Leather & Allied Products; Paper Products; Chemical Products; Transportation Equipment; Food, Beverage & Tobacco Products; Machinery; Petroleum & Coal Products; Primary Metals; Fabricated Metal Products; and Computer & Electronic Products. The five industries reporting contraction in January are: Nonmetallic Mineral Products; Wood Products; Furniture & Related Products; Electrical Equipment, Appliances & Components; and Printing & Related Support Activities.

US Factory Activity Growth At Over 2-Year High: ISM


ISM | Joana Taborda | joana.taborda@tradingeconomics.com
2/1/2017 3:11:38 PM