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ISM reports manufacturing finishes 2020 on solid footing amid an uneven year

In its monthly Manufacturing Report on Business, ISM said that the report’s key metric, the PMI, came in at 60.7 (a reading of 50 or higher indicates growth), which was 3.2% above November’s 57.5, while the overall economy expanded for the eighth consecutive month. This represents the highest PMI reading for 2020, with October’s 59.3 and November’s 57.5 rounding out the top three months. And December’s PMI is 8.2% higher than the 12-month average of 52.5.
Source: logistics Mgmt

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