Economic activity in the manufacturing sector grew in February, with the overall economy notching a ninth consecutive month of growth, according to the Institute for Supply Management. ISM’s purchasing manager’s index registered 60.8%, up from the January reading of 58.7%. This figure indicates expansion in the overall economy for the ninth month in a row after contraction in March, April, and May. The employment index registered 54.4%, up from the January reading of 52.6%.
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