Keeping you up to date on the latest data releases.
- ISM Manufacturing
The ISM Manufacturing Purchasing Manufacturers Index (PMI) increased 2.9 percentage points in January to 53.1 percent (from 50.2 percent in December) making January the second consecutive month of being above the growth threshold of 50.0. It has also surpassed both the 2012:Q4 average of 50.6 percent, as well as the 2012 average of 51.9 percent. This is the highest the PMI has been since its May 2012 level of 53.5 percent. All five components that make up the PMI were above the growth threshold of 50 and this across-the-board component growth only occurred once in 2012 in September. Specifically, the increases were as follows: new orders (up 3.6 points to 53.3 percent), production (up one point to 53.6 percent), employment (up 2.1 points to 54.0), inventories (up 8 points to 51.0 percent), and a slight decrease in supplier deliveries (down 0.1 points to 53.6 percent). Prices paid also increased by one point to 56.5 percent, its sixth consecutive month above 50.0 percent and highest level since April 2012.