Published:
U.S. manufacturers got a burst of new orders in January and business grew for the first time in 11 months, but the improvement appeared tied to the start of a new year and probably doesn’t herald an end to a tariff-induced slump.
The Institute for Supply Management said Monday said its
survey of manufacturing jumped to 52.6% in January from 47.9% in the prior month. It was the highest reading since June 2022.