Prior month -1.1% revised from -0.7% initially reportedManufacturing sales increased by 0.2% to $71.1 billion in January. The estimate was for a 0.4% gainSales rose in 11 of the 21 subsectors, with transportation equipment (+4.3%) and chemicals (+3.5%) leading the gains.The aerospace product and parts industry group saw the largest decline at -16.7%.Sales in constant dollars rose by 1.1% in January.The Industrial Product Price Index decreased slightly by 0.1%.Inventories decreased by 0.2%:Total inventories decreased by 0.2% to $122.1 billion in January, following a 1.4% drop in December.The decrease was primarily due to lower raw material inventories, which fell by 1.2%.Significant declines
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