The report’s key metric, the PMI, increased 2.3% to 56.3 (a reading of 50 or higher indicates growth). This follows a 5.2% decline to 54.3 in December. The index has now grown for 29 consecutive months, with the overall economy now having grown for 117 consecutive months.
Source: logistics Mgmt
January manufacturing output rebounds, but future growth could be limited, says ISM
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