Manufacturing Activity Jumps

The stronger-than-expected ISM survey for December bodes well for other upcoming manufacturing data and the first quarter outlook

The headline reading for the Institute for Supply Management (ISM) survey jumped to 54.7 in December from 49.2. The figure was much stronger than expected and was due to widespread strength that was notably more upbeat than the other related manufacturing surveys (NY Fed, Philly Fed, and Chicago PMI) released on the month.

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