1.
Companies team for technologies
TEMPE, Ariz., March 1 (UPI) -- The Institute for Supply Management said Tuesday U.S. manufacturing activity grew at a reduced pace in February.
The ISM said the manufacturing-activity index for February stood at 55.3, which represented a slowing in activity from January's 56.4 reading. The index was 57.3 in December.
"February was another good month in the manufacturing sector," said Norbert Ore, who directs the survey for the ISM. "While the overall rate of growth is slowing, the overall picture is improving as price increases and shortages are becoming less of a problem."
The group's new orders index slipped slightly to 55.8 after 56.5 in January, while the production index hit 56.7, from the prior month's 57.8.
On the inflation front, manufacturers faced the 36th straight month of rising pressure, although the pace cooled somewhat in February. The group's prices index was 65.5 in February, compared with 69 in January and 72 in December.
Manufacturing payrolls also grew at a softer rate, with that gauge ebbing to 57.4, compared to 58.1 in January.
|
|
|
|
|
|
| Additional Business News Stories | |
WASHINGTON, May 23 (UPI) --
The planned Keystone XL oil pipeline would move oil away from refineries that produce gasoline, increasing prices, the National Resource Defense Council says.
|
WASHINGTON, May 22 (UPI) --
A U.S. Senate committee report has revived controversy over alleged counterfeit Chinese electronic components entering U.S.-made defense equipment and weapons.
|
The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
|
What if Europe turned out to be the new Japan?
|
| Stories | Photos | People | Comments |
View Caption
