USA Manufacturing Continues Expansion, Jobs Increase

♦ ♦ ♦

USA Monthly Manufacturing PMIs

ISM Manufacturing Index (PMI) by Month
PMI > 50.0 is expansion, PMI < 50.0 is contraction



Bradley J. Holcomb, Chair of the Institute for Supply Management Manufacturing Business Survey Committee, stated, "The PMI registered 53.1 percent, an increase of 2.9 percentage points from December's seasonally adjusted reading of 50.2 percent, indicating expansion in manufacturing for the second consecutive month. The New Orders Index registered 53.3 percent, an increase of 3.6 percent over December's seasonally adjusted reading of 49.7 percent, indicating growth in new orders. Manufacturing is starting out the year on a positive note, with all five of the PMI's component indexes - new orders, production, employment, supplier deliveries and inventories - registering above 50 percent in January."

ISM Manufacturing Index (PMI) by Year
PMI > 50.0 is expansion, PMI < 50.0 is contraction



American Manufacturing Jobs Increase "ISM's Employment Index registered 54 percent in January, which is 2.1 percentage points higher than the seasonally adjusted 51.9 percent reported in December, and indicates growth in employment for the 40th consecutive month. An Employment Index above 50.5 percent, over time, is generally consistent with an increase in the Bureau of Labor Statistics (BLS) data on manufacturing employment."

♦ ♦ ♦