The January ISM manufacturing index registered 47.4, slightly below expectations calling for a 48.0 print. The index fell 1.0 percentage point (pp) from December’s reading of 48.4. New orders fell 2.6 pp to 42.5, while new export orders slowed their decline, rising to 49.4. The backlog of orders sub-index rose to 43.4, up 2.0 pp […]
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