US manufacturing section expands again in January

Thursday, 01 February 2018 21:16:55 (GMT+3)   |   San Diego
       

Economic activity in the US manufacturing sector expanded in January, and the overall economy grew for the 105th consecutive month, said the nation's supply executives in the latest Manufacturing ISM Report On Business.

The January PMI registered 59.1 percent, a decrease of 0.2 percentage point from the seasonally adjusted December reading of 59.3 percent.

The New Orders Index registered 65.4 percent, a decrease of 2 percentage points from the seasonally adjusted December reading of 67.4 percent.

The Production Index registered 64.5 percent, a 0.7 percentage point decrease compared to the seasonally adjusted December reading of 65.2 percent.

The Employment Index registered 54.2 percent, a decrease of 3.9 percentage points from the seasonally adjusted December reading of 58.1 percent.

The Supplier Deliveries Index registered 59.1 percent, a 1.9 percentage point increase from the seasonally adjusted December reading of 57.2 percent.

The Inventories Index registered 52.3 percent, an increase of 3.8 percentage points from the December reading of 48.5 percent.

The Prices Index registered 72.7 percent in January, a 4.4 percentage point increase from the December reading of 68.3 percent, indicating higher raw materials prices for the 23rd consecutive month.

Of the 18 manufacturing industries, 14 reported growth in January in the following order: textile mills; fabricated metal products; plastics and rubber products; primary metals; machinery; transportation equipment; apparel, leather and allied products; chemical products; computer and electronic products; paper products; petroleum and coal products; electrical equipment, appliances and components; miscellaneous manufacturing; and food, beverage and tobacco products.

Four industries reported contraction during the period: printing and related support activities; wood products; furniture and related products; and nonmetallic mineral products.


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