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Released February 06, 2025 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Economic activity for U.S. manufacturing expanded in January, according to a survey report by the Institute for Supply Management (ISM). Industrial Info's data shows project investment in the U.S. Industrial Manufacturing Industry remains robust.
"U.S. manufacturing activity expanded in January after 26 consecutive months of contraction. Demand clearly improved, while output expanded and inputs remained accommodative," said Timothy Fiore, chair of the ISM Manufacturing Business Survey Committee, in a related summary of findings.
The ISM's Purchasing Manager's Index (PMI), which tracks 18 industry sectors in the U.S., registered 50.9% in January, up from the seasonally adjusted figure of 49.2% in December, 48.4% in November and 46.5% in October--the latter of which was the lowest reading in 2024.
The improvement in demand, Fiore said, was a result of the New Orders and New Exports Orders indexes moving back into expansion territory; the Backlog of Orders Index dropping slightly and continuing in contraction; and the Customers' Inventories Index remaining in 'too low' territory.
Meanwhile, the indicator for output (measured by the Production and Employment indexes) was positive, as factory output improved month over month, "indicating that panelists' companies are proceeding with growth plans."
The positivity reflected in the ISM survey is in line with Industrial Info's project data for the U.S. Industrial Manufacturing Industry, which includes more than $400 billion worth of projects under construction. Subscribers to the Global Market Intelligence (GMI) Project Database can click here for a full list.
The majority of the overall spending, especially the high-dollar projects, is attributed to semiconductors, data centers, transportation and electric vehicle (EV)-related projects.
Among the semiconductor projects is Micron Technology Incorporated's (NASDAQ:MU) (Boise, Idaho) $25 billion expansion of its campus in Boise, adding several buildings and new production lines. The construction will house a new production line for the company's latest chips to be used in a range of cutting-edge sectors including data centers, the automotive industry and mobile devices. First chip production is expected in 2026. Subscribers can click here to read the detailed project report.
Amid the rise of artificial intelligence (AI) applications, developers and tech giants are working to build out data center capacity. Microsoft Corporation (NASDAQ:MSFT) (Redmond, Washington) said recently it plans to spend $80 billion on AI data centers in fiscal 2025, with more than half of this spent in the U.S.
The $1.1 billion Phase 1 construction of its AI-enabled data center in Mount Pleasant, Wisconsin kicked off in September 2023, after the company had announced $3.3 billion worth of planned investment at the site. Phase 1 entails building two 370,000-square-foot data center buildings, among other work. Subscribers can click here to read more information on the project.
For more information on Microsoft's spending plan, see January 8, 2025, article - Microsoft to Drop $80 Billion on AI Data Centers in Fiscal 2025.
In the automotive sector, Ford Motor Company (NYSE:F) (Dearborn, Michigan) is in the process of expanding its Ohio Assembly Plant in Avon Lake, Ohio; a new assembly line will enable production of an all-electric commercial van, starting in 2026. Click here for the project report.
The ISM survey panelists expressed concerns over tariffs imposed by U.S. President Donald Trump on imports from China, Canada and Mexico, but concerns regarding the latter two should be alleviated...at least for now. Shortly after enacting a 25% tax on imports from Canada and Mexico, including a 10% tariff on Canadian energy imports, Trump on February 3 paused the tariffs for one month after both countries announced moves to ramp up security at their borders.
But the 10% tariff on imports from China still went into effect February 4, and as a result, the country responded with levies of 15% on imports of U.S. coal and liquefied natural gas and 10% for crude oil as well as on farm equipment and some autos, starting on February 10.
Subscribers to the GMI Database can click here for a look at all of the projects discussed in this article and here for the plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
"U.S. manufacturing activity expanded in January after 26 consecutive months of contraction. Demand clearly improved, while output expanded and inputs remained accommodative," said Timothy Fiore, chair of the ISM Manufacturing Business Survey Committee, in a related summary of findings.
The ISM's Purchasing Manager's Index (PMI), which tracks 18 industry sectors in the U.S., registered 50.9% in January, up from the seasonally adjusted figure of 49.2% in December, 48.4% in November and 46.5% in October--the latter of which was the lowest reading in 2024.
The improvement in demand, Fiore said, was a result of the New Orders and New Exports Orders indexes moving back into expansion territory; the Backlog of Orders Index dropping slightly and continuing in contraction; and the Customers' Inventories Index remaining in 'too low' territory.
Meanwhile, the indicator for output (measured by the Production and Employment indexes) was positive, as factory output improved month over month, "indicating that panelists' companies are proceeding with growth plans."
The positivity reflected in the ISM survey is in line with Industrial Info's project data for the U.S. Industrial Manufacturing Industry, which includes more than $400 billion worth of projects under construction. Subscribers to the Global Market Intelligence (GMI) Project Database can click here for a full list.
The majority of the overall spending, especially the high-dollar projects, is attributed to semiconductors, data centers, transportation and electric vehicle (EV)-related projects.
Among the semiconductor projects is Micron Technology Incorporated's (NASDAQ:MU) (Boise, Idaho) $25 billion expansion of its campus in Boise, adding several buildings and new production lines. The construction will house a new production line for the company's latest chips to be used in a range of cutting-edge sectors including data centers, the automotive industry and mobile devices. First chip production is expected in 2026. Subscribers can click here to read the detailed project report.
Amid the rise of artificial intelligence (AI) applications, developers and tech giants are working to build out data center capacity. Microsoft Corporation (NASDAQ:MSFT) (Redmond, Washington) said recently it plans to spend $80 billion on AI data centers in fiscal 2025, with more than half of this spent in the U.S.
The $1.1 billion Phase 1 construction of its AI-enabled data center in Mount Pleasant, Wisconsin kicked off in September 2023, after the company had announced $3.3 billion worth of planned investment at the site. Phase 1 entails building two 370,000-square-foot data center buildings, among other work. Subscribers can click here to read more information on the project.
For more information on Microsoft's spending plan, see January 8, 2025, article - Microsoft to Drop $80 Billion on AI Data Centers in Fiscal 2025.
In the automotive sector, Ford Motor Company (NYSE:F) (Dearborn, Michigan) is in the process of expanding its Ohio Assembly Plant in Avon Lake, Ohio; a new assembly line will enable production of an all-electric commercial van, starting in 2026. Click here for the project report.
The ISM survey panelists expressed concerns over tariffs imposed by U.S. President Donald Trump on imports from China, Canada and Mexico, but concerns regarding the latter two should be alleviated...at least for now. Shortly after enacting a 25% tax on imports from Canada and Mexico, including a 10% tariff on Canadian energy imports, Trump on February 3 paused the tariffs for one month after both countries announced moves to ramp up security at their borders.
But the 10% tariff on imports from China still went into effect February 4, and as a result, the country responded with levies of 15% on imports of U.S. coal and liquefied natural gas and 10% for crude oil as well as on farm equipment and some autos, starting on February 10.
Subscribers to the GMI Database can click here for a look at all of the projects discussed in this article and here for the plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
