US manufacturing activity advanced less than expected in January

Source: Forexpros
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 for 33th month in line.



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