ISM: U.S. Manufacturing Growth Slows Slightly, Faces COVID-Induced Challenges

SUGAR LAND--February 5, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--Economic activity in the U.S. manufacturing sector grew at a slower pace in January compared with December, largely due to an increase in COVID-19 cases that caused labor shortages for manufacturers and their suppliers, according to the Institute for Supply Management's (ISM) (Tempe, Arizona) Report on Business. Industrial Info is tracking more than $25 billion in high- and medium-probability (70-99% chance of kicking off as planned) capital-spending projects in the U.S. Industrial Manufacturing Industry that are planned to begin construction in the first quarter.