Economy
January 2, 2017
ISM PMI Climbs 1.5 Points in December
Written by Sandy Williams
Economic activity in the manufacturing sector grew in December according to the latest Manufacturing ISM Report on Business. Growth in the overall economy expanded for the 91st consecutive month, said ISM.
The PMI for December reached 54.7, climbing 1.5 percentage points from November. The new orders index jumped 7.2 points to 60.2 from November and the production index grew 4.3 percent to register 60.3 Order backlogs remained at the same index reading as November and indicated contraction for a sixth month.
