U.S. manufacturing activity declines unexpectedly

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Source: Bloomberg
Activity in the production sector of the United States surprisingly declined much more than predicted in January of 2014 to its lowest level in eight months. The benchmark PMI Index dropped to 51.3 points versus 56.5 points in December, falling short of economists' forecasts at 56 points. Analysts explain the decline by cold weather in the country, which decreased the output.
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