This month, US manufacturing growth rose to its highest level in over two years according to the Institute for Supply Management (ISM).

The US manufacturing index hit 56 in January, an increase of 1.5 points from last month.

Any reading above 50 indicates an expansion in manufacturing, which accounts for an estimated 12 percent of the US economy.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData


“This is the healthiest that the manufacturing sector has looked in quite some time,” said Stephen Stanley, chief economist at Amherst Pierpont Securities.

The surge could be attributed to US president Donald Trump’s promises to create jobs, particularly in the manufacturing industry, cut taxes and reduce regulation.

The signs of momentum in the US economy coincide with the Federal Reserve’s policy decision announcement expected later today.