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February 1, 2008
January Manufacturing ISM Report: PMI at 50.7% (+2.3%)
(February 1, 2008) - The January Manufacturing ISM Report showed a 2.3% increase in the PMI to 50.7%, indicating the manufacturing sector strengthened during January.
This suggests slow but positive growth, based on significant increases in production, new orders and inventories. Prices also increased sharply (+8.0%) driven by food, energy and commodity prices.
JR
Posted by John Rutledge at February 1, 2008 6:40 PM
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