Manufacturing expands for 17th straight month
Manufacturing expanded in January as the Institute for Supply Management's purchasing index registered 59.1 percent.
The January PMI decreased 0.2 percent from the seasonally adjusted December reading of 59.3 percent.
"This indicates growth in manufacturing for the 17th consecutive month at strong levels 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 R. Fiore, chair of the ISM Manufacturing Business Survey Committee.
A reading above 50 percent indicates that the manufacturing economy is generally expanding; below 50 percent indicates that it is generally contracting.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
