Weak factory activity despite low dollar

Weak factory activity despite low dollar

Weak factory activity despite low dollar Last week’s weaker-than-expected GDP figures were compounded today with PMI data showing that factory output in January was disappointing given expectations from the lower-value dollar. The RBC Purchasing Managers Index was at 55.3 in November, fell to 53.9 in December and then to 51 last month; anything above 50 indicates growth but the trend is a worry.