Keeping you up to date on the latest data releases.
- ISM Manufacturing
The ISM’s Manufacturing Purchasing Managers Index (PMI) declined 1.9 points in February to an index value of 56.5. Although moderating in February, the diffusion index has now been above its growth threshold of 50 for seven consecutive months. The decline in the overall index stems from declines in production (7.8 points) and new orders (6.4 points) while all other components of the index improved during the month. The employment index increased from 53.3 to 56.1 indicating that the labor market in the manufacturing sector is continuing to improve. Inflation concerns remain in check as the prices index declined 3.0 points to 67.