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  • US DATA: Jan mfg ISM text: "The manufacturing sector grew at a faster rate in January as the PMI regiдстstered 60.8 percent, which is its highest level since May 2004 when the index registered 61.4 percent.
Market news
01.02.2011, 15:15

US DATA: Jan mfg ISM text: "The manufacturing sector grew at a faster rate in January as the PMI regiдстstered 60.8 percent, which is its highest level since May 2004 when the index registered 61.4 percent.

The continuing strong performance is highlighted as January is also the sixth consecutive month of month-over-month growth in the sector. New orders and production continue to be strong, and employment rose above 60 percent for the first time since May 2004. Global demand is driving commodity prices higher, particularly for energy, metals and chemicals. Of the 18 manufacturing industries, 14 are reporting growth in Jan."

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