Manufacturing in U.S. Expands at Slowest Pace in a Year
This article is for subscribers only.
Manufacturing expanded in February at the weakest pace in a year, limited by weaker growth abroad and a work slowdown at West Coast ports.
The Institute for Supply Management’s index dropped to 52.9, the lowest since January 2014, from 53.5 a month earlier, the Tempe, Arizona-based group’s report showed Monday. Readings above 50 indicate growth and the median forecast in a Bloomberg survey of economists was 53.