MW: U.S. manufacturing PMI in Jan. at 9-month high
By Greg Robb
WASHINGTON (MarketWatch) -- The final reading for the U.S. manufacturing purchasing managers index in January was 55.8, worse than the flash reading of 56.1 but still a nine-month high, Markit reported Friday. Readings above 50 indicate expansion. The Institute for Supply Management's manufacturing index, due at 10 a.m., is expected to show a reading of 51.0%. "The PMI suggests that...rising production will help the economy return to growth in the first quarter providing there are no set-backs in coming months," said Chris Williamson, chief economist at Markit, in a statement.
