A Blog dedicated to tracking economic trends and financial matters.
Monday, February 01, 2016
ISM Manufacturing Report on Business: January 2016
Institute for Supply Management
released their latest
Report on Business for the manufacturing
sector indicating that manufacturing activity remained weak in January with many components continuing to indicate contraction.
At 48.2 the purchasing manager’s composite index (PMI) rose a slight 0.42% from December but slumped 9.91% below the level seen a year earlier giving a solid indication of contraction for manufacturing.
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