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U.S. Manufacturing Closes 2012 on a Positive Note Despite Fiscal Cliff

Posted 6:55 PM by

Reuters released a recent reading of the U.S. Manufacturing Purchasing Managers Index, which showed an increase from 52.8 in November to 54.0 in December. December’s reading on the index is the highest reading since May 2012 and presents an indication that the manufacturing sector was growing at the end of 2012.  Any reading on the index above 50 is considered to be an indication of growth/expansion of the sector.

Additionally, a recent reading of the Institute for Supply Management’s index of national factory activity rose during December. The index increased from 49.5 in November to 50.7 in December. The November reading had been a 40-month low for the index, so the increase in December is considered to be a good indication that manufacturing is coming back.

About the Author

Justin Hayes is a director in Katz, Sapper & Miller’s Audit and Assurance Services Group as well as being a member of the Not-for-Profit and Governmental Services Groups. Justin works with clients to help them avoid risk and maximize efficiencies by keeping an eye on their bottom line and helping ensure accurate financial reporting. Connect with him on LinkedIn.

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