February Manufacturing Data: Despite Decline, Report Is Pretty Bullish
Edward Harrison submits:
The February 2010 Manufacturing ISM Report On Business® was released Monday morning. It indicated that the manufacturing sector was slightly less robust in February than January, with the PMI slipping from 58.4% to 56.5%. As 50 is still the demarcation between sector expansion and contraction, the data indicate that recovery continues apace in the manufacturing sector (for a look at manufacturing globally, see Edward Hugh’s comments here).
