January manufacturing activity declines but still on growth track, reports ISM
Despite seeing declines in its core metrics, manufacturing activity in January continued to show growth for the eighth straight month, according to the Institute for Supply Management’s (ISM) Report on Business.
The PMI, the index used by the ISM to measure manufacturing activity, fell 5.2 percent to 51.3 in January, which is 2.5 percent below the 12-month average of 53.8 and its lowest reading since last May’s 50.0. The PMI is still over the 50 mark—which is the benchmark of strong economic activity—in 13 of the last 14 months, coupled with the overall economy growing now for 56 straight months, according to the ISM.
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Group News Editor
Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff joined the Supply Chain Group in 2005 and leads online and print news operations for these publications. In 2009, Jeff led Logistics Management to the Silver Medal of Folio’s Eddie Awards in the Best B2B Transportation/Travel Website category. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. If you want to contact Jeff with a news tip or idea,