Business activity in the U.S. industry increased after 2 months of downturn

the Index of business activity in the US industrial sector (ISM Manufacturing) in January increased to 50.9% compared with the revised value for December at 47.8%.

This happened after a two-month decline of the index, data showed the U.S. Institute for supply management (Institute for Supply Management).

Respondents Reuters analysts had expected growth of the index to 48.5% from original to 47.2 percent in December.

in addition, the employment index in the industrial sector of the country in January rose to 46.6% from a revised December level at 45.2%. The initial rate was 45.1 per cent.

ISM founded in 1915, is the world’s largest Association of professionals engaged in the field of supply. Its members include more than 40 thousand managers.

the Index of business activity in the industry is calculated monthly, after a survey of managers.

As is known, the index mark below 50% indicates a downturn in the sector, on the oil market.