Keeping you up to date on the latest data releases.
- ISM Manufacturing
The ISM’s Manufacturing Purchasing Managers Index (PMI) continued its upward climb, rising to an index value of 61.4 in February, its highest level since May 2004. All the components of the ISM’s PMI increased in February except for the inventories index (which slipped down from 52.4 to 48.8 in February). Notably, the employment index jumped up by 2.8 index points to 64.5 (its highest value since January 1973). The production index jumped up from 63.5 to 66.3 during the month, while the new orders and supplier deliveries indexes posted modest increases. Also, the prices index, which is not seasonally adjusted and does not factor into the overall PMI, continued its recent climb, edging up from 81.5 to 82.0 in February, though remains below its recent peak of 91.5 in June 2008.