60.8% PMI® manufacturing; February 2021 Manufacturing ISM® Report On Business®

60.8% PMI® manufacturing;  February 2021 Manufacturing ISM® Report On Business®

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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