Economy
January 4, 2022
ISM’s Manufacturing PMI Dips to 58.7% in December
Written by Tim Triplett
Economic activity in the manufacturing sector grew again in December, though at a slightly slower pace than in November, with the overall economy achieving a 19th consecutive month of growth, reports the Institute for Supply Management, Tempe, Ariz.
“The December Manufacturing PMI® registered 58.7%, a decrease of 2.4 percentage points from the November reading of 61.1%,” said Timothy R. Fiore, chairman of ISM’s Manufacturing Business Survey Committee. A reading above 50% indicates economic growth.
