U.S. factory gauge rises from 2-year low as orders recover

THE INSTITUTE for Supply Management index unexpectedly rose to 56.6 in January, beating estimates. / BLOOMBERG NEWS FILE PHOTO/TY WRIGHT
THE INSTITUTE for Supply Management index unexpectedly rose to 56.6 in January, beating estimates. / BLOOMBERG NEWS FILE PHOTO/TY WRIGHT
NEW YORK - A gauge of United States factories rose in January from a two-year low as measures of new orders and production snapped back following steep declines the prior month, indicating a more stable outlook for manufacturing at the start of 2019. The Institute for Supply Management index unexpectedly rose to 56.6, exceeding all economist estimates in…

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