ISM manufacturing index climbs to 54.1% in January

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ISM manufacturing index climbs to 54.1% in January (by Jeffry Bartash)

WASHINGTON (MarketWatch) - Business at U.S. manufacturers continued to expand in January at a somewhat faster pace, according to a key index released Wednesday. The Institute for Supply Management said its manufacturing index rose to 54.1% last month from a revised 53.1% in December. Economists polled by MarketWatch had expected a reading of 54.5%. Any reading above 50% indicates expansion. "Manufacturing is starting out the year on a positive note, with new orders, production and employment all growing in January," said Bradley J. Holcomb, who's in charge of the ISM manufacturing survey.

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