Manufacturing growth slower in December
Economic activity in the manufacturing sector expanded in December for the 19th consecutive month, but at a slower pace than in November.
The latest Manufacturing ISM Report On Business from the Institute for Supply Management showed the December PMI registered 55.5 percent, a decrease of 3.2 percentage points from November’s reading of 58.7 percent.
The New Orders Index registered 57.3 percent, a decrease of 8.7 percentage points from the reading of 66 percent in November. The Production Index registered 58.8 percent, 5.6 percentage points below the November reading of 64.4 percent.
"Comments from the panel are mixed, with some indicating that falling oil prices have an upside while others indicate a downside. Other comments mention the negative impact on imported materials shipment due to the West Coast dock slowdown," said Bradley J. Holcomb, chair of the ISM Manufacturing Business Survey Committee.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
