The ISM production index in December surged 5.7 points to 60.7 percent and outpaced the Purchasing Managers Index, which remained essentially stable at 57 percent. The 12-month PMI running average is 57.3 percent and likely a 5.1 percent increase in GDP.
ISM notes a PMI reading beyond 42 percent, over time, generally indicates expansion in the overall economy or GDP. A reading above 50 percent indicates that the manufacturing economy is generally expanding.
Roll Over Data Points for Exact Figures
Data Included: 12/2010
*Reflects U.S. Department of Commerce annual seasonal formula adjustments.
Source: Institute of Supply Management, "Manufacturing Report on Business," www.ism.ws