The February 2016 ISM Manufacturing Survey is yet another month of manufacturing malaise. Manufacturing is in a 5th month of contraction, although much less so than last month. PMI was 49.5%, 1.3 percentage points higher than January. New orders had no change in acceleration but employment and production did improve. A contracting manufacturing sector five months in a row is now due to supplier deliveries, contracting inventories and employment.…The Economic Populist
ISM Survey Shows Manufacturing in Contraction for 5th Month in a Row
Robert Oak
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