Keeping you up to date on the latest data releases.
- ISM Manufacturing
The ISM’s Manufacturing Purchasing Managers Index (PMI) jumped up 60.8 in January, its highest level since May 2004. Updated seasonal factors for 2010 bumped up November and December’s levels, leaving the PMI up 1.5 points (at 58.5) through December. Gains were seen across all broad categories in January, and were particularly strong among the new orders component (up 5.8 points to 67.8) and the employment index (up 2.8 points to 61.7). January’s increase in the employment index elevated the series to its highest level since March 1973, and may bode well for Friday’s employment report. Also, the prices index, which is not seasonally adjusted and does not factor into the overall PMI, jumped up from 72.5 to 81.5 in January to its highest level since July 2008, as 64 percent of the respondents reported paying higher input prices relative to December (just 1 percent reported paying lower prices).