ISM: US manufacturing activity gain slows in February

 Activity in the United States' manufacturing sector expanded in February, albeit at a slower pace than the previous month, the Institute for Supply Management (ISM) said in its report published on Monday. The Manufacturing Purchasing Managers' Index (PMI) dipped from the previous month's 52.6% to 52.4%, expanding for the second month in a row.

Meanwhile, the Employment Index rose by 0.7 percentage points compared to January to 48.8%. The Production Index went down by 2.4 percentage points to 53.5%. The New Orders Index decreased by 1.3 percentage points to 55.8.

"In February, US manufacturing activity remained in expansion territory, although growing at a slower pace than the month before. Of the five subindexes that make up the PMI, two (New Orders and Production) indicated slower growth compared to the previous month, and the Employment and Inventories indexes remained in contraction," ISM Chair Susan Spence commented.

https://breakingthenews.net/Article/ISM:-US-manufacturing-activity-slows-in-February/65777195