US factories prepare for stagnation as economy slows

Source: Bloomberg
© scanpics/RS
The US manufacturing index decreased to a new yearly minimum of 53.5 from the 55.1 level posted in December. Consumer spending also dropped in the same month after posting strong gains during the previous months. Despite that export and production slowed in January, the comments from producers concerning the demand remain positive amid the 50% plunge in oil prices. 
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