New orders, production and employment increase
Supplier deliveries are slowing at a faster rate; Growing backlog
Raw material inventory contracts; Customer stocks too low
Price increase; Exports and imports increase
TEMPE, Ariz., March 1, 2021 / PRNewswire / – Economic activity in the manufacturing sector increased in February, with the overall economy registering a ninth consecutive month of growth, according to the country’s procurement officials in the latest Manufacturing ISM® On Business® report.
The report was released today by Timothy R. Fiore, CPSM, CPM, Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Inquiry Committee:
“The February manufacturing PMI® index registered 60.8 percent, an increase of 2.1 percentage points from the January reading of 58.7 percent. This…
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- Headline: 60.8% PMI® manufacturing; February 2021 Manufacturing ISM® Report On Business®
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