01.02.201910:08:00UTC+00U.S. Manufacturing Index Unexpectedly Rises To 56.6 In January

After reporting a significant slowdown in the pace of growth in U.S. manufacturing activity in the previous month, the Institute for Supply Management released a report on Friday showing growth unexpectedly reaccelerated in the month of January.

The ISM said its purchasing managers index climbed to 56.6 in January from a revised 54.3 in December, with a reading above 50 indicating growth in the manufacturing sector.

Economists had expected the manufacturing index to edge down to 54.0 from 54.1 originally reported for the previous month.