U.S. February Purchasing Managers Index at 50.1%; GDP growing at 2.1%
Economic activity in the manufacturing sector grew in February, and the overall economy grew for the 130th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.
- Production Growing; New Orders and Employment Contracting
- Supplier Deliveries Slowing at Faster Rate; Backlog Growing
- Raw Materials Inventories Contracting; Customers’ Inventories Too Low
- Prices Decreasing; Exports Growing; and Imports Contracting