Manufacturing expanded in February
Manufacturing expanded in February, as the PMI registered 50.1 percent, a 0.8-percentage point decrease from the January reading of 50.9 percent.
“The PMI expanded in February, but at a slower rate. Four of the big six industries expanded, at similar rates compared to January. Four of the PMI’s 10 subindexes recorded expansion, down from six the previous month,” said Timothy R. Fiore, chair of the Institute for Supply Management Manufacturing Business Survey Committee.
A reading above 50 percent indicates that the manufacturing economy is generally expanding; below 50 percent indicates that it is generally contracting.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
