Economy
March 1, 2018
February PMI Indicates Strong Economy
Written by Sandy Williams
Manufacturing expanded for the 18th consecutive month in February, according to the latest Manufacturing ISM Report on Business. The PMI rose 1.7 percentage points to 60.8 percent in February. Any reading above 50 indicates expansion.
New orders continued to expand last month, although softening 1.2 percentage points to 65.4 percent. Production dipped 2.5 points to 62 percent, but still in solid growth territory.
