Wall Street Journal (02/02/15) Ben Leubsdorf
U.S. factory activity hit its lowest level in a year during January, although the sector is slowly continuing to expand, according to the Institute for Supply Management. The ISM’s overall index declined to a seasonally adjusted 53.5 in January from 55.1 in December. A reading above 50 signals expansion. The decline was broad-based, with the employment, new order, production, and supplier delivery gauges all falling from December.