Manufacturing PMI® at 49.1%; January 2024 Manufacturing ISM® Report On Business®
Fastener News Desk
FEBRUARY 5, 2024
More importantly, the share of sector GDP registering a composite PMI ® calculation at or below 45 percent — a good barometer of overall manufacturing weakness — was 27 percent in January, compared to 48 percent in December, and 54 percent in November. There is a real short-term increase in the cost of international freight.”
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