February 6, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Manufacturing activity in the U.S. contracted for the third straight month, according to the Institute for Supply Management's (ISM) latest Report on Business. The survey report said the ISM's January Purchasing Manager's Index (PMI), which tracks 18 industry sectors in the U.S, registered 47.4%--a decrease of 1 percentage point from December. Despite this, Industrial Info's project data shows U.S. manufacturing project activity remains robust.