ISM: Manufacturing stronger

February 1, 2012

Economic activity in the manufacturing sector expanded in January for the 30th consecutive month, according to the Institute for Supply Management. ISM’s closely watched composite index of manufacturing activity — known as the PMI — rose 1 percentage point to 54.1%, indicating faster growth for the sector overall. The new orders index — perhaps the component index most indicative of near-term freight shipments — gained 2.8 points to 57.6%. Growth in production, however, slowed, although it remains strong at an index level of 55.7%.

Manufacturing is starting out the year on a positive note, with new orders, production and employment all growing in January,” says Bradley Holcomb, chair of ISM’s Manufacturing Business Survey Committee.

Print Page

Click the link below to print a print-friendly page of the this analysis.

Print Page
Create Your Own Chart

Use our chart creator to generate charts using the data that was used in this analysis.

TruckGauge Chart Creator
Download TruckGauge Data

This functionality is only available to Premium Members. Please upgrade your account to gain access to the data used in this analysis.

Upgrade to a Premium Member
Thank you for choosing TruckGauge as your source for trucking intelligence and forecasting. Please visit www.truckgauge.com for new and updated information on trucking and business information.
  • Not A Member Yet? Click Here to Subscribe Today!
  • © 2011 TruckGauge

    |

    Privacy Policy

    |

    Terms and Conditions

    |

    Webmaster

    |

    Contact Us