"The manufacturing sector gained momentum in January," said Norbert J. Ore, chairman for the institute's manufacturing business survey committee.
He was sent in October 1945 to Austria and Germany to lead a survey committee studying the needs of displaced Jews.
Anthony Nieves, the chairman of the I.S.M. survey committee, said the increases in both categories pointed to higher future sales.
Norbert J. Ore, chairman of the institute's survey committee, said that manufacturing "is apparently in excellent shape with regard to inventories".
"A substantial amount of the drop can probably be attributed to uncertainty -- people not doing anything," said Ralph Kauffman, chairman of the institute's nonmanufacturing business survey committee.
The report "indicates a continuing rapid rate of contraction in manufacturing," said Norbert Ore, chairman of the trade group's survey committee.
Bradley Holcomb, chairman of the institute's survey committee, said production would probably fall back a bit after its big jump in July.
Strong readings in new orders and production are expected to create momentum in the first quarter of 2011, said Norbert J. Ore, the chairman of the association's survey committee.
Strong readings in new orders and production are expected to create momentum into the first quarter of 2011, said Norbert J. Ore, the chairman of the association's survey committee.
Companies did not single out the rise in payroll taxes in the survey, Anthony S. Nieves, chairman of the I.S.M.'s survey committee, said in a conference call with reporters.
