United States: ISM decreases to year-low in January
February 2, 2015
In January, the ISM manufacturing index decreased from the 55.1% recorded in December to 53.5%. The result came in below market expectations of moderation to 54.5% and marked the lowest reading in a year. However, the index remains above the 50.0% threshold that indicates expansion in the manufacturing sector.
The index was dragged down by significant declines in the new orders and supplier deliveries categories. Production and employment also slowed compared to the previous month. In contrast, inventories increased in January.
Author: Carl Kelly, Economist