Stock-Market-Trends

Manufacturing Slows for February in ISM Index Report

Manufacturing continued to grow in February, but slowed to its lowest rate in 13 months. Bad weather and the West Coast port strike are a few factors being blamed.

Manufacturing continued to grow in February, but slowed to its lowest rate in 13 months. Bad weather and the West Coast port strike are a few factors being blamed.

Manufacturing in the U.S. is still expanding, but that growth has slowed to it's lowest rate in 13 months, according to The Institute for Supply Management index.

The ISM’s manufacturing PMI index shows a dip of 0.6% from January to 52.9%. Any number over 50 is considered growth.

Several factors are being blamed for the slowdown including, the harsh winter, the worker dispute at West Coast ports and to low exchange rate for foreign currency.

More about the newest ISM reports and U.S. manufacturing numbers on IndustryWeek.  

IndustryWeek is an NED companion site within Penton’s Manufacturing & Supply Chain Group.   

 
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