December 2012 ISM Manufacturing Survey Back Into Expansion Territory
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January 2, 2013 - 10:15am
Written by Steven Hansen
The ISM Manufacturing survey for December 2012 rose into expansion territory after contracting last month. The sub-index which historically correlates to the economy barely shows expansion - and is unchanged month-over-month.
The ISM Manufacturing survey index (PMI) rose from 49.5 to 50.7 (50 separates manufacturing contraction and expansion). This was within expectations which were between 50.5 and 51.0.
This index has been in a general downtrend since mid 2011 - and the November data continued to confirm this.
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January 2, 2013 - 10:15am
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