Global Supply Chain Activity for December Reflects a Consistent Picture With One Surprise

Last week’s reports of various production activity indicators reflecting on December 2012 indicate a consistent global supply chain picture with one alarming surprise. U.S. factory activity reflected in the Institute of Supply Management (ISM) PMI index indicates activity expanded modestly in December.  The ISM PMI in December rose to 50.7, up 1.2 points from November. [...]...