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Author Message   Entrepreneur Kurra Bewarse Username: Entrepreneur Post Number: 3870 Registered: 05-2011 Rating: N/A Votes: 0 Posted on Tuesday, January 04, 2022 - 12:11 pm:    Pace of manufacturing activity slows in December; price index sees big dip The December ISM Manufacturing Index checked in at 58.7% (Briefing.com consensus 60.3%) versus 61.1% in November. A number above 50.0% is indicative of expansion. December marked the 19th straight month of expansion for the manufacturing sector, albeit at a slower pace. The key takeaway from the report is the recognition that price pressures softened some, presumably due to improved supply chain conditions; however, supply concerns (and inflation worries) aren't going to fade away knowing that the Omicron variant is driving global staffing challenges. The New Orders Index dropped to 60.4% from 61.5%. The Prices Index fell to 68.2% from 82.4%. The Backlog of Orders Index increased to 62.8% from 61.9%. The Supplier Deliveries Index fell to 64.9% from 72.2% (meaning the pace of deliveries is slower, but not as slow as in November). The Production Index decreased to 59.2% from 61.5%. The New Export Orders Index slipped to 53.6% from 54.0%. The Employment Index rose to 54.2% from 53.3%.