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FEB 01, 2013 - Business Insider

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ISM MANUFACTURING SMASHES EXPECTATIONS, JUMPS TO 53.1

The January reading of the ISM manufacturing report report is out, and it's good. The headline number unexpectedly jumped to 53.1 from 50.2 a month ago. Economists were looking for a reading of 50.7. All five sub-indices (new orders, production, employment, supplier deliveries and inventories) are showing growth. Earlier this morning, the Markit US PMI — a similar economic data point — slipped to 55.8, but it was nevertheless much stronger than expectations. Click Here For Updates > From the report: The report was issued today by Bradley J. Holcomb, CPSM, CPSD, chair of the ... Read More

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