Keeping you up to date on the latest data releases.
- ISM Manufacturing
The Purchasing Managers’ Index (PMI) fell 5.2 percentage points to 51.3 in January, which indicates a general expansion in the manufacturing sector as the index is above the growth threshold of 50. The index has slipped below 50 only twice since July 2009. Four of the five PMI components declined in January. New orders posted the largest monthly decline, falling 13.2 percentage points to 51.2. This is the largest monthly decline in the new orders index since December 1980. The inventory index fell for the third consecutive month to 44.0 from 47.0 in December. Employment fell 3.5 percentage points to 52.3 and production fell 6.9 percentage points to 54.8 percent. Supplier deliveries increased 0.6 percentage points to 54.3 percent. The ISM Prices Index rose 7.0 percentage points to 60.5 percent. Prices have decreased by 1.0 percentage point since February 2013’s high of 61.5 percent.