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The diffusion index for current general activity rose from -10.9 in December to 44.3 in January, the highest since April 2021, marking the largest monthly increase since June 2020.51% of firms reported increased activity (up from 19%), while 7% reported decreases (down from 30%); 41% reported no change (down from 45%).The new orders index jumped 47 points to 42.9, the highest since November 2021.The shipments index rose 39 points to 41.0, the highest since October 2020.The employment index increased 7 points to 11.9, with 13% of firms reporting increases, 1% reporting decreases, and 87% reporting no change.The average workweek index turned positive, rising to 20.3 from -3.7, its highest since March 2022. This article was written by Greg Michalowski at www.forexlive.com. Read More Details
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