Keeping you up to date on the latest data releases.
- ISM Manufacturing
The Purchasing Managers’Index (PMI) rose 1.9 percentage points to 53.2 in February, which indicates a general expansion in the manufacturing sector as the index is above the growth threshold of 50. The index has slipped below 50 only twice since July 2009. Three of the five components of the PMI increased since January. Furthermore, four of the five components were above the growth threshold of 50. The production index posted a sharp monthly decline, falling 6.6 percentage points to 48.2. New orders increased 3.3 percentage points to 54.5. The inventory index reversed three consecutive monthly declines rising to 52.5 from 44.0 in January. Supplier deliveries increased 4.2 percentage points to 58.5 percent. The employment index was unchanged at 52.3. The ISM Prices Index fell 0.5 percentage points to 60.0 percent. Prices have decreased by 1.5 percentage points since February 2013’s high of 61.5 percent.