PMI Falls To 56.4 Percent

Economic activity in the manufacturing sector grew in January for the 20th consecutive month, while the overall economy grew for the 39th consecutive month, according to the latest survey of purchasing managers by the Institute for Supply Management (ISM), Tempe, Ariz. ISM’s Purchasing Managers Index is 56.4 percent in January, a decrease of 0.9 percentage point when compared to 57.3 percent in December.

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