Manufacturing ISM Index Slightly Lower To 51.3 Percent: However, Future Of Manufacturing Looks Bright

The Institute for Supply Management (ISM) Index released this morning shows that U.S. manufacturing fell from 56.5 to 51.3 percent. Despite most reports showing it as a “plunge,” the ISM reports most indicators as “growing.” What does this mean for U.S. growth? It means that it has cooled ever so slightly, but in the grander scheme market scheme of things, the “maker” future is still bright.

The January index registered 51.3 percent, a decrease of 5.2 percentage points from December’s 56.5 percent. Of the 18 manufacturing industries tracked, 11 reported overall growth in January. 10 reported growth in employment. Eight reported growth in new orders. You can read the full release here.

Source: http://www.forbes.com/sites/tjmccue/2014/02/03/manufacturing-ism-index-slightly-lower-to-51-3-percent-however-future-of-manufacturing-looks-bright/

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s