Press "Enter" to skip to content

Manufacturing activity inches up in February, getting closer to growth, reports ISM

The report’s key metric, the PMI, at 47.7 (a reading of 50 or higher indicates growth), eked out a 0.3% increase, from January to February, contracting, at a slower rate, for the fourth consecutive month. The last four months of contraction, through February, were preceded by a stretch of 29 consecutive months of growth. ISM also said that the overall economy contracted, at a slower rate, in February, for the third consecutive month, which was preceded by 30 consecutive months of growth.
Source: logistics Mgmt

Be First to Comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *