ISM Manufacturing Index unexpectedly rose in January

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The index of business activity in the US manufacturing sector has grown from a minimum over 2 years. The growth of the index in January came as a surprise to experts, the Institute for Supply Management (ISM) reports. In January, the index reached 56.6 points. Analysts had expected a rise to 54.2 points. December index was revised upwards - from 54.1 to 54.3 points. A decrease in the index to 50 points and below indicates a low business activity, a value above 50 points indicates its growth. ISM Manufacturing has kept the value above 50 points for several years. The ISM index, which tracks new US orders, rose to 58.2 points in January from 51.3 points in December. The value has risen to a maximum since 2014. The production index rose to 60.5 points from 54.1 points. This is the maximum growth in 8 years. The employment index fell from 56 points to 55.5 points. The price index dropped below 50 points for the first time in three years - to 49.6 points. In December, growth was recorded in 11 out of 18 production sectors, in January - in 14 sectors.

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