January exports accelerate at a blistering pace

February 1, 2018 – The Institute of Supply Management’s (ISM) New Export Orders Index delivered a torrid 59.8 percent in January, an increase of 2.2 percentage points when compared to the 57.6 percent reported for December, indicating growth in new export orders for the 23rd consecutive month. Exports achieved their highest expansion since April 2011, when the index reached 63.8 percent.

Export cargo vessel

“The falling dollar and strong global economy makes American manufactured goods more attractive to foreign buyers,” said Fred Baehner, IBNewsmag publisher.

The Wall Street Journal reported today that the “eurozone’s economy is having its best spell in a decade, with unemployment at a nine-year low.”

ISM’s Imports Index registered 58.4 percent in January, an increase of 1.9 percentage points when compared to the 56.5 percent reported for December, indicating that imports grew in January for the 12th consecutive month. Import expansion reached its highest level since April 2014, when the index reached the same level, 58.4 percent.

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