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PMMI Business Conditions Index update

The packaging machinery sector continued a pattern of strength during Feb. according to the Packaging Machinery Manufacturers Institute’s (Arlington, VA) Business Conditions Index.

All four of the indices dropped slightly for the month, but remained above 50, the index level indicating expansion or growth. General Business Conditions fell 3.4 points to 57.1; Quotations dropped 0.4 points to 59.6; Shipments dropped 0.8 points to 52.5; and New Orders fell 2.7 points to 59 points.

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