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Monthly Survey of Manufacturing, January 2024
Manufacturing sales rose 0.2% to $71.1 billion in January, on higher sales in 11 of the 21 subsectors, led by the transportation equipment (+4.3%) and chemical (+3.5%) subsectors. The aerospace product and parts industry group (-16.7%) posted the largest decline. Sales in constant dollars rose 1.1% in January, while the Industrial Product Price Index edged down 0.1%. Following five consecutive monthly declines, sales in the motor vehicle industry group rose 19.6% to $5.3 billion in January. Production resumed in some auto assembly plants in January, after several months of downtime for retooling in 2023. Year over ... (full story)