Manufacturing expanded in February
Manufacturing activity expanded in February for the third consecutive month, according to the latest Manufacturing ISM Report On Business.
The PMI registered 54.2 percent, an increase of 1.1 percentage points compared to January's reading of 53.1 percent.
This month's reading reflects the highest PMI since June 2011, when the index registered 55.8 percent. A reading above 50 percent indicates that the manufacturing economy is generally expanding; below 50 percent indicates that it is generally contracting.
"As was the case in January, all five of the PMI's component indexes — new orders, production, employment, supplier deliveries and inventories — registered in positive territory in February. In addition, the Backlog of Orders, Exports and Imports Indexes all grew in February relative to January," said Bradley J. Holcomb, chair of the Institute for Supply Management Manufacturing Business Survey Committee.
INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about GHX Industrial. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
