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Despite coronavirus issues, non-manufacturing is solid in February, says ISM

from Modern Materials Handling

While February is the shortest month of the calendar year, it was long on solid growth for non-manufacturing, according to the most recent edition of the Non-Manufacturing Report on Business, which was issued today by the Institute for Supply Management (ISM). The index ISM uses to measure non-manufacturing growth—known as the NMI—was 57.3 in February (a reading of 50 or higher indicates growth is occurring), which topped January’s 55.5 by 1.8%. more

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