The ISM Manufacturing Index hit its highest level since April 2006, rising from 53.6 in November to 55.9 in December.
New orders remain strong and customer inventories are too low, according to the survey, signaling that manufacturing should continue to expand in the near term.
Moreover, the upward trend in the well-respected survey remains intact.
Separately, a purchasing managers survey of eurozone manufacturing hit its highest level in over 20 months and a similar index in China reached its best level in about 5 years, indicating the worldwide recovery among goods-producers continues.
Another look at today’s report is available at Examiner.com.
0 comments:
Post a Comment