ISM Manufacturing index increased to 49.5 in February

The ISM manufacturing index indicated contraction in February. The PMI was at 49.5% in February, up from 48.2% in January. The employment index was at 48.5%, up from 45.9% in January, and the new orders index was at 51.5%, unchanged from January. From the Institute for Supply Management: February 2016 Manufacturing ISM® Report On Business® Economic activity in the manufacturing sector contracted in February for the fifth consecutive month, while the overall economy grew for the 81st consecutive month, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®. The ......(read more)

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