THE VIRGINIAN-PILOT Copyright (c) 1995, Landmark Communications, Inc. DATE: Thursday, March 2, 1995 TAG: 9503020568 SECTION: BUSINESS PAGE: D2 EDITION: FINAL TYPE: Daily Digest LENGTH: Short : 21 lines
American manufacturing grew in February at a significantly slower rate than in the previous month, a widely followed survey of industrial companies reported Wednesday. The National Association of Purchasing Managers said that its index of manufacturing growth dropped to 54.5 percent in February from 57.9 percent a month earlier. The index had been advancing steadily over the past 18 months. An index reading of above 50 percent indicates expansion at the nation's factories. (Associated Press) by CNB