Huge Miss in ISM; Largest Decline in New Orders in 4 Years; Weather to Blame?
February 3, 2014Spread the love
ISM Report Snips PMI Manufacturing expanded in January as the PMI® registered 51.3 percent, a decrease of 5.2 percentage points when compared to December’s seasonally adjusted reading of 56.5 percent. A reading above 50 percent indicates that the manufacturing economy is generally expanding; below 50 percent indicates that it is generally contracting.
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Huge Miss in ISM; Largest Decline in New Orders in 4 Years; Weather to Blame?
