Thu, 02 Feb 2012 10:58:28 GMT
US manufacturing activity advanced less than expected in January
The US manufacturing activity expanded less than initially expected in January, with the PMI growing by 1 point to 54.1 in January as compared to 53.5 in the preceding month, reported the Institute for Supply Management. Experts predicted the PMI to gain 1.4 points to 54.5 last month. However, the New Orders Index added 2.8 points achieving 57.6, posting gains