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US ISM Jan Manufacturing PM Increases To 53.1 Vs 50.7 (Dec)

Capital Market/ 10:04 , Feb 02, 2013

Economic activity in the manufacturing sector in U.S. expanded in January for the second consecutive month, and the overall economy grew for the 44th consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Business. The PMI registered 53.1 percent, an increase of 2.9 percentage points from December's seasonally adjusted reading of 50.2 percent, indicating expansion in manufacturing for the second consecutive month.

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