The US manufacturing economy, exports and imports expanded in February

March 1, 2019 – Economic activity in the manufacturing sector rose in February, and the overall economy grew for the 118th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report on Business.

Export cargo vessel

“Exports continue to expand, at slightly stronger rates compared to January. The manufacturing sector continues to expand, but inputs and prices indicate easing of supply chain constraints,” says Timothy R. Fiore, Chair of the Institute for Supply Management® (ISM) Manufacturing Business Survey Committee.

New Export Orders Index lifted to 52.8 percent in February, growing faster by 1 percentage point compared to the January reading of 51.8 percent, indicating growth in new export orders for the 36th consecutive month.

ISM’s Imports Index rose to 55.3 percent in February, an increase of 1.5 percentage points when compared to the 53.8 percent reported for January, indicating that imports grew in February for the 25th consecutive month.

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