12182018Tue
Last updateTue, 18 Dec 2018 8pm

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Manufacturing & The Economy

ISM: Manufacturing Grew at Fastest Rate Since 2004

Manufacturing expanded in February as the PMI registered 60.8%, an increase of 1.7% from the January reading of 59.1%. “This indicates growth in manufacturing for the 18th consecutive month at strong levels led by continued expansion in new orders, production activity, employment and inventories, with suppliers continuing to struggle delivering to demand. The PMI at 60.8% is the highest level of expansion seen since May 2004, when it reached 61.4%,” says Timothy R. Fiore, CPSM, C.P.M., chair of the Institute for Supply Management (ISM) Manufacturing Business Survey Committee. 

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