ISM manufacturing rises to 49.1, nears expansion threshold, with rising prices and stronger orders

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<p>US manufacturing sector, as indicated by ISM Manufacturing PMI, showed signs of resilience in January 2024, slightly missing the mark of expansion. The index climbed from 47.1 to 49.1, surpassing market expectations of 47.7, yet marking the 15th consecutive month of contraction. A significant highlight was the jump in new orders, which soared to 52.5, […]</p>
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