03202019Wed
Last updateWed, 20 Mar 2019 2pm

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Manufacturing & The Economy

Manufacturing Increases at Slower Rate in February

The Institute for Supply Management’s (ISM) February PMI registered 54.2%, a decrease of 2.4% from the January reading of 56.6%, reflecting continued expanding business strength, supported by notable demand and output, although both were softer than the prior month. Demand expansion continued, with the New Orders Index reaching the mid-50s, the Customers’ Inventories Index scoring lower and remaining too low, and the Backlog of Orders returning to a low-50s expansion level. 

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