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US Manufacturing Expands in January

Feb. 2, 2018
The January reading indicates U.S. manufacturing growth for the 17th consecutive month.

U.S. manufacturing remained in growth mode in January, while the overall economy expanded for the 105th consecutive month, according to new figures released by the Institute for Supply Management in its monthly Manufacturing ISM Report on Business.

The speed of manufacturing growth slowed slightly.

The January PMI registered 59.1 compared with a seasonally adjusted reading of 59.3 in December. A reading above 50 indicates that the manufacturing economy is generally expanding.

The 59.1 reading for January indicates U.S. manufacturing growth for the 17th consecutive month.

Manufacturing's expansion was "led by continued expansion in new order and production activity, with employment growing at a slower rate and supplier deliveries continuing to struggle," said Timothy Fiore, chair of the Institute for Supply Management Manufacturing Business Survey Committee.

Of the 18 manufacturing industries recognized in the survey, 14 showed growth. Four industries contracted: printing and related support activities; wood products; furniture and related products; and nonmetallic mineral products.

About the Author

Jill Jusko

Bio: Jill Jusko is executive editor for IndustryWeek. She has been writing about manufacturing operations leadership for more than 20 years. Her coverage spotlights companies that are in pursuit of world-class results in quality, productivity, cost and other benchmarks by implementing the latest continuous improvement and lean/Six-Sigma strategies. Jill also coordinates IndustryWeek’s Best Plants Awards Program, which annually salutes the leading manufacturing facilities in North America.

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