U.S. industrial production shows continued strong growth

The U.S.-based Institute for Supply Management says a strong manufacturing economy in November was followed by a nearly as robust December.

The Institute for Supply Management (ISM, Tempe, Ariz., USA) reports that economic activity in the U.S. manufacturing sector expanded in December 2013 for the seventh consecutive month, and the overall economy grew for the 55th consecutive month. The index registered 57.0 percent. An Purchasing Managers Index (PMI) of more than 50 percent indicates expansion; an index of less than 50 percent indicates contraction.

The report was issued by Bradley J. Holcomb, CPSM, CPSD, chair of the Institute for Supply Management Manufacturing Business Survey Committee. "The PMI registered 57 percent, the second highest reading for the year, just 0.3 percentage point below November's reading of 57.3 percent. The New Orders Index increased in December by 0.6 percentage point to 64.2 percent, which is its highest reading since April 2010 when it registered 65.1 percent. The Employment Index registered 56.9 percent, an increase of 0.4 percentage point compared to November's reading of 56.5 percent. December's employment reading is the highest since June 2011 when the Employment Index registered 59 percent. Comments from the panel generally reflect a solid final month of the year, capping off the second half of 2013, which was characterized by continuous growth and momentum in manufacturing." 

PMI, 12 months, rolling:

  • December 2013: 57.0
  • November 2013: 57.3
  • October 2013: 56.4
  • September 2013: 56.2
  • August 2013: 55.7
  • July 2013: 55.4
  • June 2013: 50.9
  • May 2013: 49.0
  • April 2013: 50.7
  • March 2013: 51.3
  • February 2013: 54.2
  • January 2013: 53.1