Manufacturing index grows in December
A dependable indicator of business activity, the PMI (Performance of Manufacturing Index) hit 55.9% in December; its highest reading since April 2006.
This is good news for job seekers … as inventories are already low, companies are likely to respond with a renewed rate of expansion.
Of the 18 manufacturing sectors surveyed by the Institute of Supply Chain Management, 9 reported growth in December including: computer and electronic products; transportation equipment; and paper products. 7 sectors reporting contraction include: wood products; nonmetallic mineral products; miscellaneous manufacturing; plastic and rubber products; chemical products; printing and related support activities; and fabricated metal products.
Source: http://www.bizjournals.com
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