Manufacturing

Economy

Manufacturing contracts for third straight month

The Institute for Supply Management (ISM) said that its Manufacturing Purchasing Managers’ Index (PMI) reached of 47.7 last month after reaching 47.4 in January, notching the third straight month of contraction.

Markets

Ford extends F-150 production halt

The Ford Motor Co. on Friday announced it was extending the production halt of its F-150 Lightning electric pickup truck after a battery caught fire at a holding lot in Dearborn, Michigan.