Manufacturing activity in the U.S. saw continued growth in the month of January, according to a report released by the Institute for Supply Management on Monday, although the pace of growth slowed more than expected.
The ISM said its manufacturing PMI declined to 58.7 in January from a downwardly revised 60.5 in December.
While a reading above 50 indicates continued growth in the manufacturing sector, economists had expected the index to show a more modest drop to 60.0.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.