ISM Shows Contraction in U.S. Manufacturing Sector Slowed in January

The ISM Manufacturing Index ticked up to 49.1 in January, handily beating the 47.2 level markets had expected. Four industries reported growth in January, up from one in December. The new orders sub-index flipped to growth, rising 5.5 percentage points (pp) to 52.5. Unfortunately, the contraction in new export orders deepened as the index tumbled […]

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