Growth in U.S. manufacturing is on the rise, while Europe and Asia’s manufacturing sectors are on the decline. The U.S. indices by Markit and the Institute for Supply Management indicated the U.S. manufacturing activity climbed to 53.2 in February, which marked a turn from the downward trend seen the previous two months. Much of the decline, however, can be attributed to severe cold and record snowfall, making it difficult for workers to get to factories and complicating the process of delivering raw materials and distributing manufactured goods.
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