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Factories Sluggish But Orders Signal Stronger Outlook
2015-05-03 02:03:58| Auto Dealers - Topix.net
The Institute for Supply Management 's April index was flat at a near two-year low of 51.5, defying forecasts for an uptick to 52. 2015 had a rocky start: a soaring dollar sank exports, a West Coast ports work stoppage snarled supply chains, and plunging oil prices dented energy firms' capital budgets. The bad news hit both factories and the overall economy ; it eked out an 0.2% annualized gain in the first quarter.
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Category:Automotive