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02 Mar
20:54

Metal prices impact US manufacturers' production levels

The Institute for Supply Management’s (ISM) manufacturing purchasing managers’ index (PMI) fell for the fourth consecutive month in February with US manufacturers facing lower backlog levels but rising material prices and interest rates. Kallanish understands that the ISM’s manufacturing PMI reading registered at 47.7% in February, rising slightly above the previous months' reading by 0.3%. According to the institute's repo…
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