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U.S. Manufacturing Posts Its First Expansion in Six Months

Monday, 3 February 2020 22:10 WIB Ekonomi AS ISM Manufacturing PMI

A gauge of U.S. manufacturing rebounded sharply in January, topping estimates and signaling growth in the beleaguered sector for the first time since July. The Institute for Supply Management's purchasing managers' index, based on a survey of manufacturers, increased to 50.9 in January from an almost four-year low of 47.8, according to Monday's data. While just above the 50 level that signals expansion, the monthly advance was the largest since mid-2013. ISM last week revised data back to 2012. The gain -- exceeding the median projection for 48.5 -- reflected sizable improvements in the orders and production components, while the employment gauge contracted at a slower pace....

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