c-shovel-RTX3BYQ7-Tim Aeppel

2017 was the best year for US manufacturing in more than a decade

57.6

US manufacturing expanded sharply in December, making 2017 the best year since 2004.

Published   |  Photo by Reuters/Tim Aeppel
c-shovel-RTX3BYQ7-Tim Aeppel
57.6

The ISM Manufacturing Index, which surveys purchasing managers and reflects levels of production, orders, inventories, and employment, averaged 57.6 for 2017, the best result since 2004.

c-shovel-RTX3BYQ7-Tim Aeppel
57.6

c-shovel-RTX3BYQ7-Tim Aeppel
57.6

The index was driven by growing consumer spending and export orders, and fueled by robust global economic growth.

c-shovel-RTX3BYQ7-Tim Aeppel
57.6

Producers of computers, electronics, and machinery saw the most growth in December. Manufacturing of wood products and textiles were the only industries, out of 18, that contracted.

c-shovel-RTX3BYQ7-Tim Aeppel
57.6

Growth in manufacturing jobs also outpaced overall job growth.

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