Purchasing Managers' Index Rose to 50.9% in January
Tempe, AZ, February 3, 2020-The January Purchasing Managers’ Index registered 50.9%, an increase of 3.1 percentage points from the seasonally adjusted December reading of 47.8%, according to the latest Manufacturing ISM Report On Business.
The New Orders Index registered 52%, an increase of 4.4 percentage points from the seasonally adjusted December reading of 47.6%.
The Production Index registered 54.3%, up 9.5 percentage points compared to the seasonally adjusted December reading of 44.8%.
The Backlog of Orders Index registered 45.7%, up 2.4 percentage points compared to the December reading of 43.3%.
The Employment Index registered 46.6%, a 1.4-percentage point increase from the seasonally adjusted December reading of 45.2%.
The Supplier Deliveries Index registered 52.9%, a 1.7-percentage point decrease from the December reading of 54.6%.
The Inventories Index registered 48.8%, a decrease of 0.4 percentage point from the seasonally adjusted December reading of 49.2%.
The Prices Index registered 53.3%, a 1.6-percentage point increase from the December reading of 51.7%.
The New Export Orders Index registered 53.3%, a 6-percentage point increase from the December reading of 47.3%.
The Imports Index registered 51.3%, a 2.5-percentage point increase from the December reading of 48.8%.
Of the 18 manufacturing industries, eight reported growth in January-listed in order-are furniture & related products; wood products; food, beverage & tobacco products; computer & electronic products; miscellaneous manufacturing; nonmetallic mineral products; chemical products; and fabricated metal products. The eight industries reporting contraction in January-listed in order-are printing & related support activities; apparel, leather & allied products; electrical equipment, appliances & components; petroleum & coal products; textile mills; transportation equipment; primary metals; and machinery.