ISM: U.S. Manufacturing Activity Contracts Again But Shows Improvement

February 6, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Manufacturing activity in the U.S. contracted in January for the 15th straight month, according to a survey report by the Institute for Supply Management (ISM), but there are signs of improvement. The ISM's January Purchasing Manager's Index (PMI), which tracks 18 industry sectors in the U.S., increased for the third straight month. Despite any negative sentiment, Industrial Info's project data for the U.S. Industrial Manufacturing Industry still shows robust project activity. Industrial Info is tracking $337 billion worth of U.S. Industrial Manufacturing Industry projects under construction.