U.S. Manufacturing Has a Great December

December data from IHS Markit signaled a marked improvement in operating conditions across the U.S. manufacturing sector. It was the sharpest upturn since September 2014 (IHS Markit)

The seasonally adjusted IHS Markit final U.S. Manufacturing Purchasing Managers’ Index™ (PMI™) posted 57.1 in December, up from 56.7 in November, to signal the steepest improvement in the health of the U.S. manufacturing sector for over six years. The headline figure was also up from the earlier released ‘flash’ reading of 56.5.