The Manufacturing PMI Report from the Institute of Supply Management put in a good set of numbers today.

Index Dec Nov PP Change Direction Rate of Change Trend in Months
PMI® 54.7 53.2 1.5 Growing Faster 3
New Orders 60.2 53.0 7.2 Growing Faster 3
Production 60.3 56.0 4.3 Growing Faster 3
Employment 53.1 52.3 0.8 Growing Faster 2
Supplier Deliveries 52.9 55.7 -2.8 Slowing Slower 7
Inventories 47.0 49.0 -2.0 Contracting Faster 17
Customers’ Inventories 49.0 49.0 0.0 Too low Same 2
Prices 65.5 54.5 11.0 Increasing Faster 9
Backlog of Orders 49.0 49.0 0.0 Contracting Same 5
New Export Orders 56.0 52.0 4.0 Growing Faster 9
Imports 50.5 50.5 0.0 Growing Same 2

Mike “Mish” Shedlock