January’s GBI reading ends a five-month trend of accelerating contraction in manufacturing, representing the highest Index reading since June of 2019.
In November, cutting tool orders contracted 11.3%, the fastest rate of contraction since July 2016.
December was third month in the last four that housing permits increased more than 12%.
In December, the monetary base was $3.427 trillion, which was its highest level since November 2018.
November production contracted 1.0% compared with one year ago.
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