Keeping you up to date on the latest data releases.
- ISM Manufacturing
The ISM’s Manufacturing Purchasing Managers Index (PMI) improved to an index value of 57.0 in December (its highest level since May) after a slight (0.3 point) dip in November to 56.6. The overall improvement was driven by increases in the new orders and production components, each jumping up by more than 4 points to levels above 60 in December. Partially offsetting these gains were decreases in the employment component, from 57.5 to 55.7 in December, and a relatively large 4.9 point drop in the inventories index (its largest monthly decline since April 2010).