Comments
US manufacturing expanded in February at the fastest pace three years with the arrival of a surge in new orders.
The Institute for Supply Management reported Monday that its gauge of manufacturing activity rose to a reading of 60.8 per cent last month, 2.1 percentage-points above the January level of 58.7 per cent.
It was the strongest performance since February 2018. Any reading above 50 indicates expansion in the manufacturing sector.
The survey found optimism increasing with five positive comments for every cautious comment, up from a 3-to-1 ratio in the January survey.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.