Monday, March 3, 2008

US manufacturing contracted in February (AP)



Roberto Morales maneuvers boxes of fabric at Drapes 4 Show Tuesday, Feb. 26, 2008, in Calabasas, Calif.  The Institute for Supply Management's manufacturing index clocked in at 48.3 in February. That was the weakest reading in nearly five years. (AP Photo/Ric Francis)AP - U.S. manufacturing activity declined in February to its weakest level in nearly five years, an industry group survey showed Monday, heralding more instability in the job market and frailty in the overall economy.




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