Economy
February 1, 2017
ISM PMI Shows Business Growing
Written by Sandy Williams
The ISM Report on Business indicates expansion of economic activity in the U.S. manufacturing sector and a 92nd month of growth for the overall economy.
The Institute for Supply Management report showed the January manufacturing PMI at 56 percent, an increase of 1.5 percentage points from December. Almost all of the components of the PMI increased in January. New orders gained 0.2 point to register 60.4 percent while production was up 2 percentage points to 62.4 percent.
