Economy
March 3, 2020
ISM PMI Hovers Near Neutral Mark
Written by Sandy Williams
U.S. manufacturing activity grew only slightly in February, according to the latest Manufacturing ISM Report On Business. The Institute for Supply Management reported that the February PMI decreased 0.8 points to 50.1, just above the no-change mark of 50.
The PMI for new orders fell into contraction at 49.8, while production dropped four points to register 50.3. The production index slid 4.0 points to 50.3. Production was restricted by supply chain disruptions, said ISM, which led to longer backlogs.
