Purchasing Managers Index spikes 2.3 points in January. Purchasing managers must be feeling downright giddy about the future, as the closely watched PMI broke the 60-point barrier in January. Norbert Ore, chair of the Tempe, Ariz.-based Institute for Supply Management Manufacturing Business Survey Committee, said January’s 60.8 point performance is the PMI’s highest level since May 2004, when the index registered 61.4 percent.
All access premium subscription
Only Electrical Marketing newsletter subscribers have access to premium content.
Being a subscriber to the Electrical Marketing newsletter allows you exclusive access to high value content including key economic indicators measuring the health of the market and access to the Electrical Price Index and other important industry insights.
Sign up for the Electrical Marketing newsletter to get access.