The 2020 Mid-Year Economic Update_long

Manufacturing Contracts in February

Manufacturing failed to grow in February, according to the nation's supply executives in the latest Manufacturing ISM Report on Business.
 
The PMI fell below 50%, which indicates weaker performance in February when compared with January. Manufacturers' order backlogs continue to erode as the New Orders Index remained below 50% for the third consecutive month.

With the Inventories and Customer Inventories Indexes indicating that manufacturing inventories are at reasonable levels, the major concern is rising prices and falling ...

Manufacturing failed to grow in February, according to the nation’s supply executives in the latest Manufacturing ISM Report on Business.
 
The PMI fell below 50%, which indicates weaker performance in February when compared with January. Manufacturers’ order backlogs continue to erode as the New Orders Index remained below 50% for the third consecutive month.

With the Inventories and Customer Inventories Indexes indicating that manufacturing inventories are at reasonable levels, the major concern is rising prices and falling volume.

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