The Manufacturing ISM Report On Business is published monthly by the Institute for Supply Management (ISM), the largest supply management organization in the world, as well as one of the most respected. Economic activity in the manufacturing sector expanded in December for the 19th consecutive month, and the overall economy grew for the 67th consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Business.
Manufacturing expanded in December as the PMI registered 55.5 percent, a decrease of 3.2 percentage points when compared to November's reading of 58.7 percent, indicating growth in manufacturing for the 19th consecutive month.
ISM's Production Index registered 58.8 percent in December, which is a decrease of 5.6 percentage points when compared to the 64.4 percent reported in November, indicating growth in production for the 10th consecutive month.
ISM's Employment Index registered 56.8 percent in December, which is an increase of 1.9 percentage points when compared to the 54.9 percent reported in November. This is the 18th consecutive month of growth in employment.