AFP, Washington :
US manufacturing picked up in January for the first time since July, beating analyst predictions of further contraction thanks to growth in key sectors, an industry survey released Monday said.
Manufacturing had been on a five-month decline in the United States fueled by concerns over global growth and the trade war between Washington and China, according to monthly statistics released by the Institute for Supply Management (ISM).
Analysts had expected the index to continue its contraction in January, but ISM reported the monthly manufacturing index instead rose to 50.9 percent.
US manufacturing picked up in January for the first time since July, beating analyst predictions of further contraction thanks to growth in key sectors, an industry survey released Monday said.
Manufacturing had been on a five-month decline in the United States fueled by concerns over global growth and the trade war between Washington and China, according to monthly statistics released by the Institute for Supply Management (ISM).
Analysts had expected the index to continue its contraction in January, but ISM reported the monthly manufacturing index instead rose to 50.9 percent.
