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Daily News

Manufacturing Growth Slows
Feb 5, 2003
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The U.S. manufacturing sector grew for the third straight month in January, though at a slower pace, as worries about a war with Iraq dampened optimism. The Institute of Supply Management's manufacturing activity index came in at 53.9, below December's revised 55.2 but above analysts' expectations of 53 for the month. The above 50 reading indicates the sector is still growing. Most market watchers had expected a decline in the January index because December's figure was so high. (Associated Press)

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