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US manufacturing PMI reaches 6-year high in Dec

by ChemOrbis Editorial Team - content@chemorbis.com
  • 05/01/2021 (11:54)
The seasonally adjusted Purchasing Managers’ Index (PMI) in the US manufacturing sector improved at the fastest pace since September 2014 in December, according to data released by IHS Markit Economics.

The headline PMI was realized at 57.1 in December, up from 56.7 in November. This monthly gain was driven by a substantial increase in both output and new orders, data revealed.

The pace of increase in output was the second-highest since March 2015 and new orders also increased markedly despite order cancellations caused by the pandemic-led measures.
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