Economic activity in the manufacturing sector expanded in December, and the overall economy grew for the 103rd consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report on Business. The December Purchasing Managers' Index registered 59.7 percent, an increase of 1.5 percentage points from the November reading of 58.2 percent. This indicates growth in manufacturing for the 16th consecutive month, led by strong expansion in new orders and production, with hiring growing at a slower rate and supplier deliveries continuing to struggle.
Imported from the CTE archive to seed discussion on MFGAxis.
Originally published on CTE: 2018-01-09
CTE source: https://ctemag.com/news/manufacturing-growth-december-ism-report/
Legacy path: /manufacturing-growth-december-ism-report