U.S. manufacturing contracts again but may be on the verge of a rebound
BY H. Will Racke The U.S. manufacturing sector contracted again in February — but showed signs of future renewed strength due to improving production and new orders. The Institute for Supply Management’s latest report showed that its purchasing manager’s index (PMI), a composite indicator of manufacturing activity, rose to 49.5 from 48.2 in January. That […]
