RISE SHARP IN ORDERS AND OUTPUT
Industrial companies have reported a pronounced turnaround in February, with new orders, production levels and other economic indicators up sharply, according to the National Association of Purchasing Management. In a monthly survey based on interviews with the purchasing managers at 250 companies, the association said it found that the level of production at those companies was increasing more rapidly than at any other time in the 30 years that the survey has been taken. New orders for these companies' products also increased sharply, the association said. In addition, it reported that the speed of deliveries had slowed for the first time since May 1981. This is regarded as an early reflection of expanding economic activity because slow deliveries usually mean large backlogs of orders.