Keeping you up to date on the latest data releases.
- ISM Manufacturing Index
The ISM’s Manufacturing Purchasing Managers Index (PMI) came in above consensus expectations for the second straight month, increasing from 52.7 to 53.9 in December. Gains were reported in the production, new orders, and employment components. The production component grew 3.3 points to an index level of 59.9, while new orders increased for the third straight month to 57.6. For the first time in three months, the employment component moved in a positive direction, climbing 3.3 points to an index level of 55.1. These gains were partly offset by a modest decline in the inventories component, which fell to an index level of 47.1. Supplier deliveries were flat for the month, remaining at 49.9 and below the growth threshold of 50. The prices index (which is not seasonally adjusted and does not enter into the overall PMI) continued to rebound from its October reading of 41.0, increasing to 47.5 in December.