Industrial growth still strong
March 1, 2005
Industrial production in the US increased for the 21st month in a row, despite a slight downturn in growth.
The Institute for Supply Management (ISM) index measured industrial product at 55.3, which is down slightly on the 56.4 reported in January.
This means that although the overall rate of growth is slowing down, material shortages and pricing are becoming less of a problem.
The ISM’s index of national manufacturing activity is compiled from the responses of purchasing executives at more than 400 industrial companies.