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01 Mar
18:05

US purchasing index rises in February

The Institute for Supply Management’s purchasing manager’s index increased in February, indicating strong industrial growth, Kallanish reports. The index climbed 1.7 percentage points from January’s reading to 57.7%. Readings above 50 generally signal growth. The institute calculates the index based on polls of manufacturing executives. “Comments from the panel largely indicate strong sales and demand, and reflect a positive view of…
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