Tuesday, March 1, 2016

ISM Manufacturing Report on Business: February 2016

Today, the Institute for Supply Management released their latest Report on Business for the manufacturing sector indicating that manufacturing activity remained weak in February continuing to contract for a fifth consecutive month.

At 49.5 the purchasing manager’s composite index (PMI) rose 2.7% from January but slumped 6.43% below the level seen a year earlier giving a solid indication of contraction for manufacturing.

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