The U.S. PMI registered 53.9 percent, an increase of 1.2 percentage points from November’s reading of 52.7 percent. The New Orders Index increased 0.9 percentage point from November to 57.6 percent, reflecting the third consecutive month of growth after three months of contraction. ISM’s New Export Orders Index registered 53 percent in December, which is 1 percentage point higher than the 52 percent reported in November.
ISM’s Employment Index registered 55.1 percent in December, which is 3.3 percentage points higher than the 51.8 percent reported in November.
The ISM Customers’ Inventories Index registered 42.5 percent in December, 7.5 percentage points lower than in November when the index registered 50 percent. Customers’ inventories have registered at or below 50 percent for 33 consecutive months. A reading below 50 percent indicates customers’ inventories are considered too low.