Daily News

View All News

Non-manufacturing index highest in 12 months

March 05 2013

Economic activity in the non-manufacturing sector grew at its fastest pace in 12 months in February, according to the Institute for Supply Management’s non-manufacturing report on business released today. The institute’s non-manufacturing business activity index rose in February to a reading of 56.0 — the highest reading in the last 12 months.

The employment portion of the index also posted growth with a reading of 57.2 in February, slower than January’s reading of 57.5. However, it’s up from December’s reading of 55.3 and November’s reading of 51.4.

Readings above 50 indicate growth.

Comments

Add New Comment

Post comment

NOTE: Links will not be clickable.
Security text:*