Menu Content
Go Top

International

Recovery in US Manufacturing Sector Slowing down

Written: 2013-04-02 09:10:49Updated: 2013-04-02 09:56:29

Recovery in US Manufacturing Sector Slowing down

Recovery in the manufacturing sector in the U.S. is showing signs of slowing down.

The Institute for Supply Management (ISM) announced on Monday that its manufacturing index stood at 51-point-three last month, down from 54-point-two in February. The index is an economic measure of the U.S. business sector.

A reading above 50 indicates expansion in manufacturing and a reading below 50 means contraction.

An index measuring new orders of manufacturers slipped from 57-point-eight to 51-point-four between February and March.

Editor's Pick

Close

This website uses cookies and other technology to enhance quality of service. Continuous usage of the website will be considered as giving consent to the application of such technology and the policy of KBS. For further details >