Manufacturing recovery continues
28 August 2012
Manufacturing maintained its strong recovery in January, based on improved export orders and strong employment, according to the latest CIPS/Reuters purchasing managers' index.
The PMI remained at 56, the same as in December when it hit its highest level since December 1999, and well above the 50 mark that distinguishes expansion from contraction for the sector.
The measure for new orders rose from 58 in December to 60.2 in January, led by strong export orders to the US, China and Japan.
January was also the first time in five...