Valve Magazine

Sun04202014

Last updateThu, 17 Apr 2014 1pm

Back You are here: Home News Industry Headlines Manufacturing & The Economy Manufacturing Growth Suggests Continued Economic Expansion

Manufacturing & The Economy

Manufacturing Growth Suggests Continued Economic Expansion

Manufacturing expanded in December as the PMI registered 50.7%, an increase of 1.2% when compared to November's reading of 49.5%. A reading above 50%, ISM reports, indicates that the manufacturing economy is generally expanding; below 50% indicates that it is generally contracting.

A PMI in excess of 42.6%, over a period of time, generally indicates an expansion of the overall economy. Therefore, the December PMI indicates growth for the 43rd consecutive month in the overall economy, and indicates expansion in the manufacturing sector. Over the last six months of 2012, manufacturing registered expansion in three months and contraction in three months, moving back and forth across the 50% mark.

Sponsored Products

 

Valve Magazine Digital Edition

SPR14 CVR 160x214Inside the Spring 2014 issue…

• Tank Cars
• DBBS & DIBS
• Shale Gas
• New Globe Standard

CLICK HERE TO REQUEST YOUR
DIGITAL EDITION PREVIEW EMAIL