Adverse weather pushes Jan manufacturing PMI to lowest level for 16 months

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Adverse weather pushes Jan manufacturing PMI to lowest level for 16 months

EconomyMacroeconomy 01/02/2017 - 12:10 Tags: PMI

The downturn is mostly attributed to the heavy snowfall in January that led to remarkable drops in both output and new orders, also leading firms to continue reducing their headcounts.

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