Pace of U.S. Manufacturing Growth Fell in February

New York, NY, March 2, 2015—The pace of U.S. manufacturing growth fell in February to its slowest rate in 13 months, according to the Institute for Supply Management, reports Reuters.

The index of national factory activity fell to 52.9 from 53.5 in January. This is the lowest reading since January 2014, according to Reuters, and is below the expectation of Reuters poll of economists, which set the February figure at 53.1.