No matter how you spin it, manufacturing isn't on fire

03/08/2012

While the February 2012 Manufacturing Report on Business from the Institute for Supply Management shows that the manufacturing sector continues on the “expanding” side of the Purchasing Managers Index benchmark at 52.4% (below 50% is a contracting economy), that figure is down 1.7% from January’s reading of 54.1%.

The ISM notes that this represents the 31st consecutive month of manufacturing sector expansion, yet the figures have hovered from a high of 59.7% in both March and April of last year to a low of 51.4% in July of 2011, for a 12-month average of 54.1%—not exactly boom times.
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