A monthly survey of Northeast Florida manufacturers by the University of North Florida’s Local Economic Indicators Project suggests a brighter outlook for Jacksonville than the rest of the country.
A purchasing manager’s index derived from UNF’s Jacksonville Economic Monitoring Survey rose from 50.4 in January to 51.6 in February. Any number above 50 indicates manufacturing activity is expanding.
The Jacksonville index contrasts with the national PMI index from the Institute for Supply Management, which stood at 47.8 in February, indicating contraction.
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