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Archive for Thursday, February 2, 2006

Manufacturing slows

February 2, 2006

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Manufacturing activity in the United States expanded at a slower pace in January than in the previous month, according to report Wednesday by a private research group.

Still, the economy remains strong and the moderation in growth likely will lead the Federal Reserve to hike interest rates less this year than it did in 2005, experts said.

The Institute for Supply Management said its manufacturing index was 54.8 in January versus 55.6 in December.

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