Economy
February 4, 2020
ISM PMI Shows Gains for Manufacturing in January
Written by Sandy Williams
Manufacturing grew in January along with the overall economy, reported the Institute for Supply Management. ISM’s January PMI gained 3.1 points from December to register 50.9, above the crucial no-change mark of 50.
New orders and production pulled from contraction to post respective index readings of 52.0 percent and 54.3 percent for the month, said Timothy R. Fiore, chairman of ISM’s Manufacturing Business Survey Committee.
