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ISM: U.S. manufacturing PMI 60.8%

Christian Fernsby |
U.S. economic activity in the manufacturing sector grew in February, with the overall economy notching a ninth consecutive month of growth, say the nation's supply executives in the latest Manufacturing ISM Report On Business.

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Topics: U.S.   

The report was issued by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management (ISM) Manufacturing Business Survey Committee: "The February Manufacturing PMI registered 60.8 percent, an increase of 2.1 percentage points from the January reading of 58.7 percent. This figure indicates expansion in the overall economy for the ninth month in a row after contraction in March, April, and May.

"The New Orders Index registered 64.8 percent, up 3.7 percentage points from the January reading of 61.1 percent.

"The Production Index registered 63.2 percent, an increase of 2.5 percentage points compared to the January reading of 60.7 percent. The Backlog of Orders Index registered 64 percent, 4.3 percentage points above the January reading of 59.7 percent.

"The Employment Index registered 54.4 percent, 1.8 percentage points higher from the January reading of 52.6 percent.

"The Supplier Deliveries Index registered 72 percent, up 3.8 percentage points from the January figure of 68.2 percent. The Inventories Index registered 49.7 percent, 1.1 percentage points lower than the January reading of 50.8 percent.

"The Prices Index registered 86 percent, up 3.9 percentage points compared to the January reading of 82.1 percent. The New Export Orders Index registered 57.2 percent, an increase of 2.3 percentage points compared to the January reading of 54.9 percent. The Imports Index registered 56.1 percent, a 0.7-percentage point decrease from the January reading of 56.8 percent."


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