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mhedayat
Mhedayat bookmarked on 2009-03-02
  • Manufacturing Sector Contracts Again in Feb.






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











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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.

This link has been bookmarked by 1 people . It was first bookmarked on 02 Mar 2009, by mazyar hedayat.

  • 02 Mar 09
    • Manufacturing Sector Contracts Again in Feb.






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











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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.