U.S. Manufacturing Gauge Expands at Fastest Pace Since 2018

07 January 2021

A gauge of factory activity unexpectedly increased to 60.7 from 57.5 a month earlier, according to Institute for Supply Management data released Tuesday. Readings above 50 indicate expansion and the figure exceeded all estimates in a Bloomberg survey of economists. Sixteen of 18 manufacturing industries reported growth in December. The new orders’ gauge, at 67.9, matched the strongest reading since January 2004,
Source : Bloomberg
Post by  : Republic of Turkey Ministry of Trade