Economics ... Economic activity in the manufacturing sector indicated growth in February
Institute for Supply Management: Economic activity in the manufacturing sector indicated growth in February, ending 18 consecutive months of decline. ISM's Backlog of Orders Index indicates that order backlogs grew for the first time after 21 months of decline. ISM also reported a surge in nonmanufacturing business activity, which reached the highest reading in the group's index since November 2000.
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