United States PMI

United States

United States: Manufacturing index rebound to nine-month high in January

February 1, 2013

In January, the ISM manufacturing index reached 53.1% from a revised 50.2% in the previous month. The robust print surprised the market on the upside, as analysts had expected the index to remain stable at December's unrevised 50.7%. Building on the strong monthly increase, the index reached its highest level in nine months.

According to the ISM, "manufacturing is starting out the year on a positive note, with all five of the PMI's component indexes - new orders, production, employment, supplier deliveries and inventories - registering above 50 percent in January". Most notably, the new orders index advanced 3.6 percentage points to 53.3% and the employment index rose 2.1 percentage points to 54.0%.


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United States PMI Chart

USA PMI December 2012

Note: Composite index in the Manufacturing Report on Business (PMI). Readings above 50% indicate an expansion in the manufacturing sector while readings below 50% point to a contraction.
Source: Institute for Supply Management (ISM).

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