Manufacturing Sector Continues to Grow Says ISM
The PMI, the index used by the ISM to measure manufacturing activity, increased 1.9 percent to 53.2 in February.
Manufacturing activity showed growth for the ninth consecutive month, according to the Institute for Supply Management’s (ISM) Report on Business.
The PMI, the index used by the ISM to measure manufacturing activity, increased 1.9 percent to 53.2 in February, which is 0.6 percent below the 12-month average of 53.8 and its third-lowest reading since last May’s 50.0. The PMI is still over the 50 mark—which is the benchmark of strong economic activity—in 14 of the last 15 months, coupled with the overall economy growing for 57 straight months, according to the ISM.
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About the AuthorJeff Berman, Group News Editor Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. Contact Jeff Berman
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