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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''' | |||
' | March 3, 2023: ISM's measure of new orders and employment indicates that the economy continues to expand.The gauge for new orders rose from 60.4 in January to 62.6 in February while the measure for employment grew to 54.0 from 50.0 in January. Meanwhile, the gauge of prices paid for services dipped to 65.6 from 67.8 in January. ISM's non-manufacturing PMI dropped to 55.1 from 55.2 in January, still above the contraction territory and above the 54.5 estimate<ref>https://www.reuters.com/world/us/us-service-sector-steady-february-ism-survey-2023-03-03/#:~:text=The%20ISM%20survey's%20gauge%20of,responsive%20to%20interest%20rate%20increases.</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>. | 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>. | ||