FOREX TradingCharts.com

Financial News: U.S. Manufacturing Index Indicates Slightly Slower Growth

U.S. Manufacturing Index Indicates Slightly Slower Growth In January

02/01/2018 - 10:21:00 (RTTNews)

(RTTNews) - Growth in U.S. manufacturing activity saw a modest slowdown in the month of January, according to a report released by the Institute for Supply Management on Thursday.

The ISM said its purchasing managers index edged down to 59.1 in January from 59.3 in December, although a reading above 50 still indicates growth in the manufacturing sector. Economists had expected the index to dip to 58.8.

The slight decrease by the headline index was partly due to a slowdown in the pace of job growth in the manufacturing sector, as the employment index dropped to 54.1 in January from 58.1 in December.

"Employment expansion remains strong, but difficulties across the supply chain continue to constrain production output," said Timothy R. Fiore, Chair of the ISM Manufacturing Business Survey Committee.

The report also showed decreases by the new orders index and the production index, although they remain at elevated levels.

The new orders index fell to 65.4 in January from 67.4 in December, while the production index slipped to 64.5 from 65.2.

Fiore said, "Comments from the panel reflect expanding business conditions, with new orders and production maintaining high levels of expansion."

Meanwhile, the report said the prices index jumped to 72.7 in January from 68.3 in December, indicating an acceleration in the pace of growth in raw materials prices.

The ISM is scheduled to release a separate report next Monday on activity in the service sector in the month of January.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2018 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Portugal Inflation Slows For Second Month (13 hr(s), 10 min(s), 33 sec(s) ago)
(RTTNews) - Portugal's consumer price inflation eased for the second straight month in January ...Full Story»

Latvia Inflation At 14-Month Low (13 hr(s), 22 min(s), 33 sec(s) ago)
(RTTNews) - Latvia's consumer price inflation eased for the fifth successive month in January ...Full Story»

OECD Unemployment Rate Falls In December (13 hr(s), 23 min(s), 33 sec(s) ago)
(RTTNews) - The unemployment rate in the Organization for Economic Cooperation and Development are ...Full Story»

China's Bank Lending At Record High (13 hr(s), 52 min(s), 33 sec(s) ago)
(RTTNews) - China's banks lent a record amount of new yuan loans in January, data from the Peo ...Full Story»

UK January Household Spending Fall First In 5 Years: Visa Survey (15 hr(s), 27 min(s), 33 sec(s) ago)
(RTTNews) - UK household spending declined at the start of the year, which was the first January d ...Full Story»

Swiss Inflation Slows In January (16 hr(s), 14 min(s), 33 sec(s) ago)
(RTTNews) - Switzerland's consumer price inflation slowed in January, data from the Federal St ...Full Story»

Singapore Visitor Arrivals, Tourism Receipts Hit Record Highs In 2017 (16 hr(s), 25 min(s), 33 sec(s) ago)
(RTTNews) - Singapore's both tourism receipts and visitor arrivals attained record highs for t ...Full Story»

Romania Industrial Production Grows Sharply In December (17 hr(s), 14 min(s), 33 sec(s) ago)
(RTTNews) - Romania's industrial production expanded markedly at the end of the year, mainly d ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Portugal Inflation Slows For Second Month

02/12/2018 - 06:39 AM (RTTNews)
(RTTNews) - Portugal's consumer price inflation eased for the second straight month in January ...Full Story>>

Latvia Inflation At 14-Month Low

02/12/2018 - 06:27 AM (RTTNews)
(RTTNews) - Latvia's consumer price inflation eased for the fifth successive month in January ...Full Story>>

OECD Unemployment Rate Falls In December

02/12/2018 - 06:26 AM (RTTNews)
(RTTNews) - The unemployment rate in the Organization for Economic Cooperation and Development are ...Full Story>>

China's Bank Lending At Record High

02/12/2018 - 05:57 AM (RTTNews)
(RTTNews) - China's banks lent a record amount of new yuan loans in January, data from the Peo ...Full Story>>

UK January Household Spending Fall First In 5 Years: Visa Survey

02/12/2018 - 04:22 AM (RTTNews)
(RTTNews) - UK household spending declined at the start of the year, which was the first January d ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.