|
|
Article: Manufacturing Activity Grows at Slower Pace
- Article from:
- AP Online
- Article date:
- February 1, 2006
- Author:
CopyrightThis material is published under license from the Associated Press. All inquiries regarding rights should be directed to the Associated Press. (Hide copyright information)
|
THERESA AGOVINO, AP Business News
AP Online
02-01-2006
Dateline: NEW YORK
Manufacturing activity in the United States expanded at a slower pace in January than in the previous month, according to report Wednesday by a private research group.
Still, the economy remains strong and the moderation in growth will likely lead the Federal Reserve to hike interest rates less this year than it did in 2005, experts said.
The Institute for Supply Management said its manufacturing index was 54.8 in January versus 55.6 in December. The latest reading was short of the 55.5 expected by analysts. A reading above 50 percent indicates that the manufacturing economy is expanding; below 50 percent indicates ...