Manufacturing Activity Increases

The Institute for Supply Management’s manufacturing index rose from 56.6 in November to 57 in December. Index readings of more than 50 generally indicate expansion, according to the Institute, “We saw significant recovery for much of the U.S. manufacturing sector in 2010,” said Norbert Ore, chair of the Institute for Supply Management’s manufacturing business survey committee. “The recovery centered on strength in autos, metals, food, machinery, computers, and electronics, while those industries tied primarily to housing continue to struggle. Additionally, manufacturers that export have benefited from both global demand and the weaker dollar.” – Jan. 11, 2011