Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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Tuesday, 3 January 2017

Manufacturing sector expands again (55.4)

A big reading of 55.4 for AIG's manufacturing index (a reading of above 50 denotes expansion, so this was a strong result).

Source: AIG

Since the figures came out during the Christmas break, it went largely unreported that the manufacturing sector added +102,000 jobs in the year to November 2016 - more than all of the the other sectors of the economy put together. 

Perhaps not that surprisingly, therefore, the employment sub-index contracted suggesting that employment growth will slow, but six of the seven activity sub-indices improved from the preceding month. 

The full AIG report can be found here