NEW YORK – The seasonally adjusted Milwaukee Index slipped to 57 in January from 62 in December, according to the Institute for Supply Management-Milwaukee.
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New orders received slid to 64 from 67, production fell to 59 from 67, backlog decreased to 50 from 54, and supplier lead times sipped to 29 from 30.
Blue collar employment climbed to 61 from 57, while white collar employment remained 57. Inventory levels rose to 54 from 53, while capital equipment purchases rose to 64 from 62.
The prices paid index slid to 61 from 64.
