Manufacturing index at 20-month high
Mar 01, 2013 | 05:47 PM
| Corinna Petry
CHICAGO U.S. manufacturing activity jumped in February to its highest level since June 2011 amid a strong rise in new orders, order backlogs, and exports and imports.
The Institute for Supply Managements Purchasing Managers Index (PMI) rose to 54.2 for the month, up 1.1 percentage points from Januarys reading of 53.1.
Monthly gains were also recorded in the index for new orders, up 4.5 percentage points to 57.8; backlog of orders, up 7.5 percentage points to 55; exports, up 3 percentage points to 53.5; and imports, up 4 percentage points to 54.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.