Manufacturing PMI Rises 1.7% In January 2025 (Economy)

Reviewing the Manufacturing PMI helps understand what industries are rising, which are declining and how long the trend has been. There was a 1.7% increase from 49.2% to 50.9%. This release indicates that exports orders rose 2.4% a little more than imports 1.4%. Since imports and exports are both growing after experiencing contraction one might reasonably believe there has been an increase in economic activity. 

One good news piece is that export growth is rising and we would like to see that beome a growing trend. The types of imports might indicate how well or not well we are using those resources to build wealth. That might require a few additional numbers to understand well. You would have to trace the supply lines and company financial reports as to see how functional the industry is (theoretically).

I took the following summary quote, 

 "New Orders Growing and Backlogs Contracting; Production and Employment Growing; Supplier Deliveries Slowing; Raw Materials Inventories Contracting; Customers' Inventories Too Low; Prices Increasing; Exports and Imports Growing; This report reflects the recently completed annual adjustments to the seasonal factors used to calculate the indexes."

Manufacturing PMI® at 50.9%; January 2025 Manufacturing ISM® Report On Business®