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Producers of electrical equipment, appliances and components said "business is slowly improving." The ISM survey's forward-looking new orders sub-index jumped to 55.1 last month from 52.1 in December.
—As international sales make up 20% of their business, with key markets including Canada, the EU, Australia, Central America, and South America, the company has increased communication with clients.
New data Monday showed that manufacturing activity was in expansion mode in January. Equity strategists believe that could be an early indicator of more S&P 500 earnings growth in 2025.
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A PMI reading below 50 indicates contraction in the manufacturing sector, which accounts for 10.3% of the economy. US manufacturing drops to 15-month low amid higher input prices: ISM Skip to main ...
Manufacturing output recovered from the Great Recession, reaching an all-time high in 2021, but manufacturing employment has been declining since the 1990s, giving rise to what is known as a "jobless recovery," which made job creation or preservation in the manufacturing sector an important topic in the 2016 United States presidential election.