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U.S. Jan. ISM shows continued factory growth
WASHINGTON (CBS.MW) -- Factory activity in the United States stayed at a high level in January, the Institute for Supply Management reported Monday.
The ISM index rose to 63.6 percent in January from 63.4 percent in December.
This is the third month in a row, the index has been above 60.
The increase was in line with the consensus of estimates collected by CBS Marketwatch.
The number was below the market consensus of 64.
New orders slowed in January, the ISM said. New orders fell to 71.1 in January from 73.1 in December.
Prices rose to 75.5 in January, the highest level since March 2000.
The employment index fell slightly to 52.9 in January from 53.5 in December, but remained above 50 for the third straight month.
WASHINGTON (CBS.MW) -- Factory activity in the United States stayed at a high level in January, the Institute for Supply Management reported Monday.
The ISM index rose to 63.6 percent in January from 63.4 percent in December.
This is the third month in a row, the index has been above 60.
The increase was in line with the consensus of estimates collected by CBS Marketwatch.
The number was below the market consensus of 64.
New orders slowed in January, the ISM said. New orders fell to 71.1 in January from 73.1 in December.
Prices rose to 75.5 in January, the highest level since March 2000.
The employment index fell slightly to 52.9 in January from 53.5 in December, but remained above 50 for the third straight month.