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U.S. Manufacturing PMI Rises in January

The seasonally adjusted IHS Markit final U.S. Manufacturing Purchasing Managers’ Index (PMI) rose in January to a reading of 59.2 up from 57.1 in December, data showed on Monday.

The final reading comes in line with the earlier flash estimate of 59.1.

The reading signals a substantial improvement in operating conditions among manufacturers, and the most marked since data collection began in May 2007.

Output increased this month as the rate of growth quickened to the fastest since August 2014.

The rise in production was attributed to stronger client demand and a sharper increase in new orders.

Robust business confidence was reflected in the strongest rise in workforce numbers for two years, as pressure on capacity increased once again

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