Mixed signals in December manufacturing
Product DetailsMixed signals: Economic activity in the manufacturing sector declined for the 17th consecutive month in December, while the overall economy grew for the second consecutive month, according to the Institute for Supply Management, formerly the National Association of Purchasing Management.
ISM's PMI composite index is 48.2 percent in December, an increase of 3.7 percentage points from the 44.5 percent reported in November. An index above 50 indicates expansion, while a figure below 50 signifies contraction. A PMI over 42.7%, over a period of time, indicates the overall economy, or Gross Domestic Product is generally expanding; below 42.7%, that it is generally declining.
'While the manufacturing sector continues to decline, the rate of decline has slowed very quickly, giving ...