Manufacturing growth slows in February

Freeman Staff

Feb. 28, 2015

MILWAUKEE - Manufacturing activity in the Milwaukee- area grew at a slower rate in February, but remained in positive territory, according to the latest Marquette-ISM Report on Manufacturing released Friday.

The reportís index was 50.32 for February after being 51.60 in January and 57.61 in December. A reading above 50 indicates positive growth. The index has been in positive territory for 16 of the past 18 months.

Respondents said January was a slow month for some, while others noted companies are continuing to expect ďan economic bounce.Ē Other comments said companies were experiencing ďa lullĒ before spring orders start.

The indexís elements included declines in new orders, production, inventories, prices and imports. Growth came from employment and exports. Employment grew particularly in white collar areas, while blue collar areas saw declines.

The reportís six-month outlook found 33.3 percent of respondents expect better conditions, while 53.3 percent expected the same conditions and 13.3 percent expected worse conditions. The reportís overall expectations for the outlook were slightly better than January.