Tuesday, March 09, 2010

Manufacturing Grows for Seventh Consecutive Month
U.S. manufacturing expanded for the seventh month in a row in February, with
particularly promising gains in employment, though growth in several other
key indicators is beginning to slow down. The United States economy continues
its gradual economic recovery, with several sectors reversing their decline
or returning to profitability despite an elevated unemployment rate and
reduced consumer demand levels. Growth in manufacturing reflects these wider
trends, expanding through February, although at a slower pace than in
previous months.

According to the Institute for Supply Management's latest manufacturing ISM Report on
Business, released this week, the manufacturing sector expanded for
the seventh consecutive month in February, in line with the overall U.S.
economy, which expanded for the 10th consecutive month.

That's good news for all you MISys users and our Business Partners!

No comments: