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Manufacturing Growth Continues to Slow, ISM Index Shows

The sputtering global economy is catching up with U.S. factories.

The sputtering global economy is catching up with U.S. factories. While still in expansion territory, the Institute for Supply Management manufacturing index fell to 53.5% in January from 55.1% in December.

The January figure fell just below the consensus forecast of 54.0%, but still represented the 20th consecutive month of growth in the sector.

New orders continued to grow, with a reading of 52.9%, and ISM reported that most industries were experiencing strong demand. But ISM’s index for new export orders slipped from 52.0% in December to 49.5%, falling into contraction after 25 months of growth.

Read more on manufacturing growth on IndustryWeek.

IndustryWeek is an NED companion site within Penton's Manufacturing & Supply Chain Group.

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