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Manufacturing expands for 18th straight month in February but pace of growth slows

Saturday, March 3, 2018 - 05:50
THE manufacturing sector started 2018 on a high and is still powering along, albeit at a slightly slower pace. The latest Purchasing Managers' Index (PMI) - an early indicator of manufacturing activity - came in at 52.7 for February. This was down from January's 53.1, which had been the highest reading since December 2009.