US manufacturing, exports and imports continued to grow in January

Feb 1, 2019 – According to today’s Institute for Supply Management’s (ISM) “Report on Business”, manufacturing expanded in January registering 56.6 percent, an increase of 2.3 percentage points from the December reading of 54.3 percent. “This indicates growth in manufacturing for the 29th consecutive month.

Containers

ISM’s New Export Orders Index slipped to 51.8 percent in January, 1 percentage point lower compared to the December reading of 52.8 percent, yet indicating growth in new export orders for the 35th consecutive month.

“Export expansion retreated a bit at the 51.8 January reading,” said Fred Baehner, IBNewsmag Publisher, “recording its first pull-back since February 2016, when the index registered 46.4 percent.” Any number of 50.0 or higher indicates growth.

Imports increased to 53.8 percent in January, an increase of 1.1 percentage points when compared to the 52.7 percent reported for December, indicating that imports grew in January for the 24th consecutive month.

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