PMI's Indicate Decent Momentum Heading Into The New Year

The ISM Manufacturing PMI and Markit Manufacturing PMI both indicate that manufacturing activity in the US continued to expand in December. Over the last few years, it has seemed that the US economy had picked up momentum in the 4th quarter, however, the economy then struggled to maintain it in the beginning of each year. We will wait and see if the economy can keep the momentum on track in 2014.