Manufacturing PMI® at 49.1%; January 2024 Manufacturing ISM® Report On Business®
Fastener News Desk
FEBRUARY 5, 2024
More importantly, the share of sector GDP registering a composite PMI ® calculation at or below 45 percent — a good barometer of overall manufacturing weakness — was 27 percent in January, compared to 48 percent in December, and 54 percent in November. Currently, orders are positive in our automotive OEM and automotive aftermarket business.
Let's personalize your content