Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty

U.S. Manufacturing Index Shows Persistent Recovery

NEW YORK (UPI) — A flash estimate of U.S. manufacturing activity in December indicated solid business growth for U.S. factories, Markit economics said Monday.

December’s purchasing managers index dropped slightly from November’s 10-month high, dropping from 54.7 to 54.5 in the month, Markit said.

The index indicates growth with numbers above 50. The flash estimate, however, is subject to revision as more data becomes available.

Markit said the new orders index slid from 56.2 to 54.5. The new export orders index held steady at 51.4.

The employment index rose from 52.3 to 53.7. The backlog of work index indicated slightly higher growth at 52.6, up from November’s 52.

“The flash PMI remained surprisingly high in December, suggesting strong growth momentum in the goods producing sector,” Markit Chief Economist Chris Williamson said in a statement.

Williamson said the U.S. economy had held up surprisingly well considering the “headwinds of the uncertainty caused by the government shutdown and debt crisis.”

The recovery’s resilience “will add to the likelihood of the Fed [U.S. Federal Reserve] tapering its huge stimulus of $85 billion per month asset purchases sooner rather than later,” he said.

UPI - United Press International, Inc.

Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.

Facebook Conversations

Join the Discussion:
View Comments to “U.S. Manufacturing Index Shows Persistent Recovery”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at


Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.