Tuesday, March 01, 2011

ISM Manufacturing Report on Business: February 2011

Today, the Institute for Supply Management released their latest Report on Business for the manufacturing sector indicating that economic activity continued to expand in February with an increase from January and an indication that most measures are in expansion.

At 61.4 the purchasing manager’s composite index (PMI) increased 0.99% since January and 7.53% above the level seen a year earlier reaching the highest value seen in over 25 years.