U.S. Manufacturing Expanded in December, Led by Strong Growth in Employment - ISM

January 2, 2013 3:40 PM EST
U.S. manufacturing expanded for the 43rd consecutive month in December with an uptick in employment as well.

The Institute for Supply Management (ISM) purchasing-managers index (PMI) rose 1.2 points to 50.7 percent last month. The Street consensus called for a reading of 50.5 percent.

The average reading over the last 12 months was 51.7 percent, with a high of 54.8 and low of 49.5 percent.

Employment saw a 4.3 point pop to 52.7 percent while Supplier Deliveries rose 4.4 points to 54.7 percent.

New orders were flat at 50.3 percent.

Results above 50 indicate expansion in a segment and the opposite for results below 50.

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