/ News Releases, Updates

Continued Contraction Concerning

The Institute of Supply Management’s January PMI measure of manufacturing activity was up 2.1 points from last month, its highest reading since October 2022.  Although it exceeded expectations by 2 points, the reading of 49.1 still marked the 15th consecutive month of contraction in manufacturing activity nationwide.  “The U.S. manufacturing sector continued to contract, though at a marginal rate compared to December,” according to the Institute for Supply Management.  See the full report here.

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