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rdf:type	schema:NewsArticle
schema:articleBody	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, with growth in food, beverage and tobacco products followed by computers and electronic products propelling the increase. Any reading below 50 percent indicates manufacturing activity is slowing. "Global trade remains a cross-industry issue, but many respondents were positive for the first time in several months," said Timothy Fiore, chair of ISM's manufacturing survey. In total, eight of the 18 industries surveyed by ISM showed growth, while employment and the price index both showed a slight increase of around one-and-a-half percentage points. The report marked a reversal from December, which saw the index plunge nearly six points, and new orders drop again -- both falling to their lowest points since April 2009. In January, the US resolved both of its major trade disputes, reaching an initial trade agreement with China that set the stage for an easing of tariffs on US industries. Washington also inked a new deal with Mexico and Canada, ending long-running negotiations and removing another uncertainty for companies. But analysts were mixed over whether the positive report was a blip or a true upswing. Rubeela Farooqi, chief US economist for High Frequency Economics, said the report was "likely in response to an easing of trade tensions. We expect the upcoming non-manufacturing ISM index to remain comfortably over 50," she said. But Ian Shepherdson of Pantheon Macroeconomics warned that the spread of the new coronavirus in China -- which has spurred border and industry closures -- could torpedo growth in February. "We have to expect a setback next month as demand from China drops and supply chains are interrupted," he wrote in a note. cs/jm
schema:headline	US manufacturing rises in January, ending decline: ISM
schema:mentions	Saint Timothy Washington Wizards Wind power by country Trade war Tobacco Economist Canada Mexico United States China Severe acute respiratory syndrome coronavirus 2 ISM band Foodservice Blip (website) Torpedo High Frequency Economics Farooqi Ian Shepherdson Pantheon Macroeconomics
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-02-03 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	81 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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