A Blog dedicated to tracking economic trends and financial matters.
Tuesday, March 01, 2016
ISM Manufacturing Report on Business: February 2016
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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