-
U.S. ISM Manufacturing PMI: Some February Heat
The ISM manufacturing PMI came in above expectations at 52.4 in February and held in expansionary terrain for a second straight month. The New Orders Index stayed above the 50-mark, and production also expanded. Meantime, the Backlog of Orders Index catapulted to 56.6, the highest level since mid‑2022. Together, these gauges would suggest demand is firming up… but that’s where the good news ends. Although the Employment Index increased 0.7 pts to 48.8, it has held in the contraction zone for more than two years. Meanwhile, despite imports strengthening notably for a second straight month (54.9, highest since ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
Economic activity in the manufacturing sector expanded in February for the second straight month but only the third time in 40 months, say the nation's supply executives in the latest ISM® Manufacturing PMI® Report. The report was issued today by Susan Spence, MBA, Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee. ...
IRAN'S REVOLUTIONARY GUARDS COMMANDER SAYS STRAIT OF HORMUZ IS CLOSED, IRAN TO SET ON FIRE ANY SHIP TRYING TO PASS -IRANIAN MEDIA
Business conditions across the Canadian manufacturing sector improved for the second month running in February, albeit only marginally. This mainly reflected rising volumes of new work and a sustained upturn in employment, alongside stable production volumes. However, goods producers continued to face challenges from weaker export sales and rising ...
