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ISM PMIs Both Still Signal Expansion, But Move In Oppo-site Directions; Delivery Measures Show Freight Problems

Written by The Ashton Report

The Institute of Supply Management’s surveys of purchasing managers, which generate its widely followed PMI indexes for manufacturing and services, continued to signal expanding activity in both sectors in February. The Manufacturing PMI continued to rise, but the Services PMI trended lower, likely affected by the widespread severe winter storms in the Southwest and South….

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