January manufacturing index indicates growth

02/6/2013 | Wall Street Journal, The · IndustryWeek · Manufacturing.net

The Institute for Supply Management's manufacturing sector index was up to 53.1 in January compared with 50.2 in December, and all five of the component indexes were above 50 last month, indicating industry growth. "A strong ISM report, combined with the employment numbers for January from the Bureau of Labor Statistics showing a modest 4,000 additional manufacturing jobs, is a good start to the year," said Daniel J. Meckstroth, MAPI's chief economist. However, MAPI senior economist Cliff Waldman said there are still weaknesses in manufacturing that will result in output growth of about 2% for 2013, compared with 4% in 2012.

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Wall Street Journal, The · IndustryWeek · Manufacturing.net

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