Manufacturing expanded in January
Manufacturing expanded in January, as the ISM purchasing manager index registered 56.6 percent, an increase of 2.3 percentage points from the December reading of 54.3 percent.
“This indicates growth in manufacturing for the 29th consecutive month. The PMI reversed a December decline in expansion primarily through gains in New Orders and Production,” said Timothy R. Fiore, CPSM, chair of the Institute for Supply Management Manufacturing Business Survey Committee.
A reading above 50 percent indicates that the manufacturing economy is generally expanding; below 50 percent indicates that it is generally contracting.
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.
