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VOL. 43 | NO. 5 | Friday, February 1, 2019

US factories grew at faster pace in January

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WASHINGTON (AP) — American factories grew at a slightly faster pace in January than in the previous month when there had been a big slowdown in manufacturing activity.

The Institute for Supply Management, an association of purchasing managers, said Friday that its manufacturing index rose to 56.6 last month, up from a reading 54.3 in December. Anything above 50 signals growth in manufacturing.

The January gain of 2.3 percentage points followed a December plunge of 4.5 percentage points which had been the biggest drop in a decade. The January rebound was driven by strong gains in new orders and production.

Analysts at Oxford Economics called the rebound an encouraging sign of continued momentum in manufacturing.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0