Metal producers, fabricators log Jan. growth

Feb 01, 2013 | 03:40 PM | Corinna Petry

Tags  purchasing managers index, PMI, metal producers, fabricators, Bradley Holcomb, Michael Montgomery, IHS Global Insight, ISM Corinna Petry

CHICAGO — U.S. manufacturing activity expanded in January, with primary metal manufacturers and metal fabricators reporting growth, according to the Institute for Supply Management (ISM).

The purchasing managers index (PMI) for January rose 2.9 percentage points to 53.1, boosted by new order, inventory and employment gains.

"Manufacturing is starting the year on a positive note," ISM manufacturing business survey committee chairman Bradley J. Holcomb said in a statement.....

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