Economy
January 3, 2019
ISM: Manufacturing Growth Slows as 2018 Ends
Written by Sandy Williams
Manufacturing activity in the U.S. continued to expand in December, but at a much lower pace, according to the latest ISM Report on Business. The December PMI fell 5.2 percentage points to 54.1 with indexes for new orders slipping 11 points and production slipping 5.3 points from November.
The average PMI score for 2018 was 58.8, with a high of 61.3 in August and a low of 54.1 in December. A reading above 50 indicates growth.
