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Purchasing Managers Index: Difference between revisions
→Developments in U.S Purchasing Managers Index(PMI)
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== Developments in U.S Purchasing Managers Index(PMI) == | == Developments in U.S Purchasing Managers Index(PMI) == | ||
'''ISM''' | '''ISM''' | ||
March 1 2023: US manufacturing sector remained in contraction territory in February as ISM Manufacturing PMI was little changed at 47.7 versus 47.4 in January. Reuters economists were expecting the reading to be 48.0. New orders rose from 42.5 in the previous month to 47.0 in February. The survey indicated that inflation could remain elevated as prices index rose from 44.5 in January to 51.3 last month<ref>https://www.reuters.com/markets/us/us-manufacturing-sector-contracts-february-ism-2023-03-01/</ref>. | March 1 2023: US manufacturing sector remained in contraction territory in February as ISM Manufacturing PMI was little changed at 47.7 versus 47.4 in January. Reuters economists were expecting the reading to be 48.0. New orders rose from 42.5 in the previous month to 47.0 in February. The survey indicated that inflation could remain elevated as prices index rose from 44.5 in January to 51.3 last month<ref>https://www.reuters.com/markets/us/us-manufacturing-sector-contracts-february-ism-2023-03-01/</ref>. | ||