• 02 Mar 09
  

  mazyar hedayat

  • Manufacturing Sector Contracts Again in Feb.

    
    

    
    
    
    

    
    

    Manufacturing index contracts for 13th straight month, but at slower pace than expected

    
    

    
    
    
    
    

    
    

    
    
    

    
    By CHRISTOPHER S. RUGABER AP Economics Writer
    WASHINGTON March 2, 2009 (AP)
    

    
    

    
    The Associated Press
    
    
    
    
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    A private measure of the nation's manufacturing sector contracted for the 13th straight month in February, but at a slower pace than expected.

    
    

    
    The reading suggested to some economists that the decline of the ailing factory sector could be bottoming out, though they expect a recovery is still far in the future.

    
    

    
    The Institute for Supply Management, a trade group of purchasing executives, said Monday its manufacturing index actually rose to 35.8 from 35.6 in January. Analysts had expected a drop to 33.8, and a reading below 50 indicates the sector is shrinking.

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