WASHINGTON (MarketWatch) — A reading of manufacturing sentiment rebounded in January after hitting a 38-month low in December, according to data released Friday. The flash manufacturing purchasing managers’ index from Markit rose to a reading of 52.7 from 51.2 in December. Output and orders picked up in January after slowing late last year. But job creation fell to a four-month low and manufacturers cut inventories. The flash estimate is typically based on approximately 85%-90% of total PMI survey responses each month.
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