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New data from S&P Global out Friday showed its manufacturing PMI increased to 50.1 in January, up from 49.4 in December and marking a seven-month high for the index. Readings above 50 indicate ...
Nondurable manufacturing output rose 0.7% amid broad gains. Mining output advanced 1.8% after falling 0.5% in November. Utilities production rose 2.1%, driven by a 6.2% increase in natural gas ...
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 ...
Government data last month showed manufacturing growing at a 3.2% annualized rate in the third quarter and contributing to the economy's 3.1% pace of expansion during that period.
Manufacturing is a vital economic sector in the United States of America. [1] The United States is the world's second-largest manufacturer after the People's Republic of China with a record high real output in 2021 of $2.5 trillion. [2] As of December 2016, the U.S. manufacturing industry employed 12.35 million people.
Government data on Thursday showed manufacturing output rose at an annualized rate of 0.9% in the fourth quarter. It grew 1.6% in 2023 compared to 0.8% in 2022.
WASHINGTON (Reuters) -U.S. manufacturing contracted at a moderate pace in November, with orders growing for the first time in eight months and factories facing significantly lower prices for inputs.
The PMI and regional factory surveys have, however, consistently overstated manufacturing weakness. So-called hard data on manufacturing production and business spending on equipment suggest the ...