Monday, February 01, 2016

ISM Manufacturing Report on Business: January 2016

Today, the Institute for Supply Management released their latest Report on Business for the manufacturing sector indicating that manufacturing activity remained weak in January with many components continuing to indicate contraction.

At 48.2 the purchasing manager’s composite index (PMI) rose a slight 0.42% from December but slumped 9.91% below the level seen a year earlier giving a solid indication of contraction for manufacturing.