"The seasonally adjusted IHS Markit final U.S. Manufacturing Purchasing Managers’ Index posted 54.9 in January, up from 53.8 in December," the IHS Markit announced on Friday.
Key takeaways from the press release
- The latest headline figure signalled a strong and faster improvement in the overall health of the sector, and was above the long-run series average.
- The rise in output was the fastest since last September and stronger than the series trend.
- The latest rise in new business extended the trend seen throughout the series history.
- In line with greater production requirements, manufacturing firms expanded their workforce numbers at a solid rate.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.