ISM Manufacturing Index is Out
The ISM manufacturing index for January was released today. It shows that manufacturing expanded in January for the 18th consecutive month, with the overall economy growing for the 20th consecutive month.
Though manufacturing is slowly increasing, one respondent has said that, "Continued weakness in the dollar is having a negative effect on the components we purchase overseas and increasing our material costs."
Luckily, ISM's Employment Index is up 2.8 points in January, with 11 of 18 manufacturing industries reporting growth in employment.
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