Manufacturing output came in on the right side of growth in January for the first time in 12 months that were preceded by 26 months of contraction, according to the new edition of the Manufacturing Report on Business, which was issued today by the Institute for Supply Management (ISM).

The report’s benchmark reading, the PMI, came in at 52.6 (a reading higher than 50 indicates growth). 

The January PMI was 3.5% higher than the 12-month average of 49.1, with January’s 52.6 and December’s 47.9 marking the respective high and lows for that period.

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