American manufacturing inches up in January

The American manufacturing sector showed increased signs of expansion in January 2013; the Institute for Supply Management says manufacturing activity was at 53.1 percent.

The Institute for Supply Management (ISM, Tempe, Arizona) reported on Feb. 1 that economic activity in the U.S. manufacturing sector expanded in January, while the overall economy grew for the 44th consecutive month. ISM's index registerd 53.1 percent for January. A reading of more than 50 percent indicates that the manufacturing economy is generally expanding; less than 50 percent indicates that it is generally contracting.

The report was issued today by Bradley J. Holcomb, CPSM, CPSD, chair of the Institute for Supply Management Manufacturing Business Survey Committee. “The PMI registered 53.1 percent, an increase of 2.9 percentage points from December’s seasonally adjusted reading of 50.2 percent, indicating expansion in manufacturing for the second consecutive month. The New Orders Index registered 53.3 percent, an increase of 3.6 percent over December’s seasonally adjusted reading of 49.7 percent, indicating growth in new orders. Manufacturing is starting out the year on a positive note, with all five of the PMI™’s component indexes — new orders, production, employment, supplier deliveries and inventories — registering above 50 percent in January.”

Last 12 months:

January 2013: 53.1
December 2012: 50.7
November 2012: 49.5
October 2012: 51.7
September 2012: 51.5
August 2012: 49.6
July 2012: 49.8
June 2012: 49.7
May 2012: 53.5
April 2012: 54.8
March 2012: 53.4
February 2012: 52.4