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.


“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.

Free download worth over $5000
Download our 2019 Technology, Media and Telecoms Predictions Report

Worth up to $5,850

In this report, we look at the 30 big tech themes for 2019, identifying winners and losers for each theme. This report will impact all industries helping:

  • CEOs/Senior Staff: in all industries understand the disruptive threats to their competitive landscape
  • Investors: Helps fund managers focus their time on the most interesting investment opportunities in global TM