Steel Products
January 4, 2013
ISM Manufacturing PMI rises to 50.7 for December
Written by Sandy Williams
The Institute for Supply Management increased its manufacturing purchasing managers’ index to 50.7 in December from 49.5 in November. A rating above 50 indicates an expansion in activity. The ISM uptick comes in tandem with Markit data, also released on Wednesday, that put the Markit US PMI rating at 54.0 in December—a jump from 52.8 in November.
The ISM reported new orders unchanged at 50.3 from November but still in a growth trend.
