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State of Logistics 2016: Pursue mutual benefit ISM reports strong finish to 2016 manufacturing output Schneider files IPO registration statement UPS’s acquisition of Marken is made official 2017 Rate Outlook: Changing political landscapes may be reflected in pricing More News Manufacturing activity finished 2016 with strong momentum, showing growth in December for the fourth straight month, according to the most recent edition of the Institute for Supply Management’s (ISM) monthly Manufacturing Report on Business. The PMI, the index used by the ISM to measure growth, came in at 54.7 in December, a 1.3 percent gain over November, as well as turning in the highest PMI reading since December 2014’s 54.9. December’s PMI is the highest over the last 12 months and is 3.2 percent above the 12-month average of 51.5, with the over all economy growing for 91 months in a row. Each of the report’s core four metrics, including the PMI, showed growth in December. New orders, which are viewed as the engine driving manufacturing, showed an impressive 7.2 percent gain to 60.2, coming off of November’s modest 0.9 percent increase, while growing for the fourth month in a row and posting its highest reading for 2016. Production headed up 4.3 percent to 60.3 and also grew for the fourth consecutive month, while also posting a new 2016 high. Employment rose 0.8 percent to 53.1, growing for the third month in a row, also hitting its highest level for 2016. ISM said that of the 18 manufacturing sectors contributing to the report, 11 reported growth in December, including: Petroleum & Coal Products; Primary Metals; Miscellaneous Manufacturing; Food, Beverage & Tobacco Products; Apparel, Leather & Allied Products; Paper Products; Machinery; Electrical Equipment, Appliances & Components; Computer & Electronic Products; Fabricated Metal Products; and Chemical Products. The six industries reporting […]