4 February 2002, 10:49 The U.S. manufacturing sector extended its three-month surge
The U.S. manufacturing sector extended its three-month surge in
January driven by sharp increases in new orders that promise greater
production ahead, according to Norbert Ore, survey chair of the
Institute of Supply Management. Ore calculates that January's production
manager index at 49.9 (48.1 Dec.) corresponds to annual growth in the
overall economy of 2.6 percent, plus or minus 1 percentage point.
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