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PMI at 50.9%; GDP Growing at 2.4%; January 2020 Manufacturing ISM Report On Business
Economic activity in the manufacturing sector grew in January, and the overall economy grew for the 129th consecutive month, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®. The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee: "The January PMI® registered 50.9 percent, an increase of 3.1 percentage points from the seasonally adjusted December reading of 47.8 percent. The New Orders Index registered 52 percent, an increase of 4.4 percentage points from the seasonally ... (full story)
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