Yahoo Finance 
ISM manufacturing misses expectations
REUTERS/Chris Keane The February report on business from the Institute for Supply Management came in worse than expected.
ISM's index fell to 52.9 from 53.5 last month.
Expectations were for the reading to come in at 53.0, down slightly from last month's 53.5.
In its report, ISM said, " Comments from the panel express a growing level of concern over the West Coast dock slowdown, negatively impacting exports and imports and requiring workarounds and added costs."
Of 18 manufacturing industries surveyed, 12 reported growth in February.
The report's prices paid index was steady at 35.0, indicating contraction, but at the same rate as it was in January. This decline is tied to the decline in oil prices seen over the last several months.
This report comes after the latest manufacturing PMI from Markit Economics beat expectations.
More to come ...
More From Business Insider
