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03 Mar
15:30

US manufacturing sees slow growth in February

US manufacturing activity appears to have grown in February, Kallanish learns from the Institute for Supply Management’s purchasing managers’ index.  The index fell to 50.1% in February from January’s reading of 50.9%. Readings above 50%, however, generally indicate growth in the manufacturing economy.  The backlog portion of the index grew to 50.3% from January’s reading of 45.7%, while new orders fell to 49.8% from January&rsqu…
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