Economy
January 2, 2014
ISM PMI Records 7th Consecutive Month of Expansion in Manufacturing
Written by Sandy Williams
Manufacturing activity expanded in December for the seventh consecutive month and rose to its second highest reading of 2013. The PMI (purchasing managers index) registered 57 percent according to the December 2013 ISM Manufacturing Report on Business.
New orders, employment, supplier deliveries and prices all grew at a faster rate in December. New Orders increased 0.6 percent to 64.2 percent. The employment index, at 56.9 percent, was at its highest level since June 2011.
