January Manufacturing ISM Report: PMI at 50.7% (+2.3%)

January Manufacturing ISM Report: PMI at 50.7% (+2.3%)

February 1, 2008 0 Comments

(February 1, 2008) – The January Manufacturing ISM Report showed a 2.3% increase in the PMI to 50.7%, indicating the manufacturing sector strengthened during January.

This suggests slow but positive growth, based on significant increases in production, new orders and inventories. Prices also increased sharply (+8.0%) driven by food, energy and commodity prices.

JR

John Rutledge

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