Off the wire
• Greece will cover March financing gap, bridge deal will not be put to vote: gov't spokesman  • Feature: Panda is popular in Southern California  • Roundup: British manufacturing PMI rises to 9-month high, inflation increases  • Video footage shows Israeli soldiers sic dogs on Palestinian teen  • Nasdaq hits 5000 amid data, Chinese rate cut  • Death toll in eastern Ukraine surpasses 6,000: UN report  • Lesotho's prime minister continues lead in elections  • China Focus: AmCham report positive on China market  • Ghana searches for international friendly opponents  • Seasonal flu virus causes 70 fatalities in Greece  
You are here: 　 Home

U.S. manufacturing activities moderate in February

Xinhua, March 3, 2015 Adjust font size:

Economic activity in the U.S. manufacturing sector slowed in February to its weakest pace in more than a year, an industry survey showed on Monday.

The manufacturing index, also known as the purchasing managers index (PMI), registered 52.9 percent, a decrease of 0.6 percentage point from a month ago, the Institute for Supply Management (ISM) said in a report.

It indicated expansion in manufacturing for the 26th consecutive month, and the overall economy grew for the 69th consecutive month.

A reading above 50 percent indicates the sector is generally expanding, while a reading below the ratio indicates contraction.

The New Orders Index, the Production Index and the Employment index, fell from a month earlier.

Of the 18 manufacturing industries, 12 reported growth. The industries reporting contraction included textile mills and computer products.

Respondents of the business survey generally remained positive, and some said the west coast port strike has been a problem for exports and supply chain logistics. Endite