The Purchasing Managers Index (PMI) 1/12 rate-of-change rose for the second straight month, supporting predictions of further economic growth during the second half of 2012. The -7.9% December figure is a good economic signal, particularly for US industrial production.
The monthly PMI outcome for December was the highest since June of last year, rising to 53.9, an increase from 52.7 in November. December also marked the 31st consecutive month of economic growth.
Source: Institute for Trend Research