Tuesday, February 01, 2011

ISM Manufacturing Report on Business: January 2011

Today, the Institute for Supply Management released their latest Report on Business for the manufacturing sector indicating that economic activity continued to expand in January with an increase from December and an indication that most measures are in expansion.

At 60.8 the purchasing manager’s composite index (PMI) increased a whopping 3.93% since December climbing 4.11% above the level seen a year earlier.