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®.
The report was issued today by Anthony Nieves, CPSM, C.P.M., A.P.P., CFPM, Chair of the Institute for Supply Management
® (ISM
®) Services Business Survey Committee: The Services PMI
® registered 58.7 percent, 1 percentage point higher than the seasonally adjusted December reading of 57.7 percent. This reading is the highest since February 2019 (58.8 percent) and indicates the eighth straight month of growth for the services sector, which has expanded for all but two of the last 132 months. The Supplier Deliveries Index registered 57.8 percent, down 5 percentage points from December s reading of 62.8 percent. (Supplier Deliveries is the only ISM
®
Report On Business
® index that is inversed; a reading of above 50 percent indicates slower deliveries, which is typical as the economy improves and customer demand increases.)
February 1, 2021
TEMPE, Ariz. â February 1, 2021 â Economic activity in the manufacturing sector grew in January, with the overall economy notching an eighth consecutive month of growth, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.
The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee:
“The January Manufacturing PMI registered 58.7 percent, down 1.8 percentage points from the seasonally adjusted December reading of 60.5 percent. This figure indicates expansion in the overall economy for the eighth month in a row after contraction in March, April, and May. The New Orders Index registered 61.1 percent, down 6.4 percentage points from the seasonally adjusted December reading of 67.5 percent. The Production Index registered 60.7 percent, a decrease of 4 percentage points compared to the seasonally adjust
U.S. manufacturing remains robust while price pressures build
Reade Pickert, Bloomberg News An American flag hangs above an assembly line in Fort Worth, Texas. , Photographer: Luke Sharrett/Bloomberg
A measure of U.S. manufacturing remained robust at the start of the year, though pandemic-related supply chain disruptions are restraining production and driving up prices.
The Institute for Supply Managementâs gauge of factory activity eased to a still-elevated 58.7 in January from 60.5 a month earlier, according to data released Monday. Readings above 50 indicate manufacturing is expanding. The groupâs index of prices paid for raw materials rose to the highest since April 2011.
2/01/2021 10:15:00 AM
The ISM manufacturing index indicated expansion in January. The PMI was at 58.7% in January, down from 60.5% in December. The employment index was at 52.6%, up from 51.7% last month, and the new orders index was at 61.1%, down from 67.5%.
Economic activity in the manufacturing sector grew in January, with the overall economy notching an eighth consecutive month of growth, say the nation s supply executives in the latest Manufacturing ISM® Report On Business®.
The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee:
The January Manufacturing PMI® registered 58.7 percent, down 1.8 percentage points from the seasonally adjusted December reading of 60.5 percent. This figure indicates expansion in the overall economy for the eighth month in a row after contraction in March, April, and May.