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Manufacturing Continues to Grow

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Economic activity in the manufacturing sector expanded in January for the 20th consecutive month, and the overall economy grew for the 68th consecutive month, according to the Institute for Supply Management’s Manufacturing Business Survey.

Of the 18 manufacturing industries, 14 are reporting growth in January in the following order: primary metals; wood products; printing & related support activities; miscellaneous manufacturing; fabricated metal products; electrical equipment, appliances & components; petroleum & coal products; paper products; transportation equipment; chemical products; machinery; food, beverage & tobacco products; computer & electronic products; and furniture & related products.

The two industries reporting contraction in January are: textile mills; and nonmetallic mineral products.

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