New export orders and imports continued fast growth in December

January 5, 2018 – The Institute of Supply Management’s (ISM) New Export Orders Index jumped 58.5 percent in December, an increase of 2.5 percentage points when compared to the 56 percent reported for November, indicating growth in new export orders for the 22nd consecutive month.

Container ships

“Five of the six big industry sectors, accounting for 63 percent of manufacturing GDP, continued to expand export activity during the period,” said Timothy R. Fiore, CPSM, C.P.M., Chair of the ISM Manufacturing Business Survey Committee. Manufacturing reported big gains in December according to the report. and the overall economy grew for the 103rd consecutive month.

The ISM Imports Index rose to 57.5 percent in December, an increase of 3.0 percentage points when compared to the 54.5 percent reported for November, indicating that imports grew in December for the 11th consecutive month. “Imports expanded at significantly greater rates during the period to keep pace with production output,” said Mr. Fiore.

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