U.S. Manufacturing Sector Expansion in January

SOURCE www.breitbart.com
The U.S. manufacturing sector expanded in January after 26 months of contraction, beating expectations. New orders and production index grew, employment index jumped into expansion territory. Prices increased moderately. Manufacturers anticipate more business-friendly policies under Donald Trump.

Key Points

  • ISM purchasing managers index for manufacturing rose to 50.9 percent
  • New orders grew for the third straight month
  • Production index crossed into expansion territory
  • Employment index also jumped into expansion territory

Pros

  • U.S. manufacturing sector expanded after 26 months of contraction
  • New orders and production index grew
  • Employment index jumped into expansion territory

Cons

  • Pressure on prices due to moderate price growth