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U.S., Midwest manufacturing grows in January

Staff writer ▼ | February 3, 2014
Manufacturers nationally and in the Midwest grew and added jobs for yet another month in January despite bad weather and weak sales of products with short shelf lives, according to two reports.
US manufacturing
US manufacturingManufacturers nationally and in the Midwest grew and added jobs for yet another month in January despite bad weather and weak sales of products with short shelf lives, according to two reports.


For the nine-state region that includes Minnesota, business conditions reported by Creighton University improved for a third straight month, rising to 57.7 in January from 53.2 in December. Index above 50 signals growth.

January's regional results were propelled by strong sales of metal products, machines and other durable goods. Employment also sprung back during the month after seeing hiring declines in December. Surveyed plant managers said they expected to raise workers pay in 2014 by an average 2.5 percent. That's up from the 2.0 estimate of a month ago.

The region including Minnesota, North and South Dakota, Iowa, Nebraska, Kansas, Missouri, Arkansas, and Oklahoma mimicked some results seen nationally.

The Institute for Supply Management (ISM) separately reported Monday that the U.S. manufacturers saw growth in January for an eight consecutive month.

However, the sector's economic index only reached 51.3 in January, well below the 56.5 in December. ISM officials noted that new orders and production slowed, largely due to record-breaking cold weather conditions across much of the country. Still 11 of 18 sectors reported growth, namely in the plastics, textiles, wood, printing, metal, electrical equipment and transportation industries.


 

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