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ISM: Manufacturing Index Rises in December

January 02 2013

Economic activity in the manufacturing sector returned to growth in December, according to the purchasing managers index for manufacturing released today by Institute for Supply Management. The index rose to a reading of 50.7 in December. It was a turnaround from November’s reading of 49.5, which was the lowest reading for 2012. Readings above 50 indicate growth. Reuters reported economists had expected a reading of 50.3.

The employment portion of the index rose to a reading of 52.7 in December from a reading of 48.4 in November.

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