Feb 28 A measure of factory activity in the U.S.
Upper Midwest slipped in February from its highest level in more
than two years but still showed a fourth consecutive month of
manufacturing growth in the region, according to a private
survey released on Tuesday.
Marquette University and the Institute for Supply
Management-Milwaukee said their seasonally adjusted index on
manufacturing in the Milwaukee region declined to 58.69 from
59.81 in January, which was its strongest since November 2014.
A reading above 50 indicates regional factory activity is
The survey's component on new orders, a proxy on future
activity, decreased to 62.76 from 65.50 last month, while its
production gauge jumped to 69.83 from 62.50.
The employment index retreated to 52.48 from last month's
58.60, while the six-month outlook gauge stepped down to 72.50
The survey's price barometer jumped to 81.82 from January's
The university and ISM-Milwaukee discontinued their survey
last May and resumed publication in October.
(Reporting by Richard Leong; Editing by Lisa Von Ahn)