Continuing Evidence of U.S. Manufacturing Improvement
Manufacturing on the Mend
Encouragingly, May saw the first increase in the Purchasing Managers’ Index (PMI) since February. Even accounting for the modest PMI dip in March and April, the progression of the index, since the recent low of August 2016, has been impressive. It suggests sustainability of moderate improvement in factory sector growth.
Signs of Spring Growth for Manufacturers
This morning’s release of the April manufacturing report from the Institute for Supply Management (ISM) adds to rapidly accumulating evidence that U.S. manufacturing is accelerating modestly from the 1% growth rut that it has been stuck in since 2012.
ISM Analysis: Another Step Toward Improved Growth
The March 2017 Manufacturing ISM® Report on Business® indicates another solid month for a manufacturing uptick. The ISM Purchasing Managers’ Index (PMI) came in at 57.2%, a 0.5 percentage point reduction from February 2017.
The February report from the Institute for Supply Management shows that for the sixth consecutive month, the widely followed Purchasing Managers' Index rose, suggesting that U.S.