U.S. February ISM Manufacturing PMI Declines to 52.4

The Institute for Supply Management (U.S. industry survey organization) reported a slight drop in manufacturing activity, with February’s reading at 52.4, below January’s 52.6 but above forecasts of 51.7.

Summary

No Summary provided as the original text is short

Terms & Concepts
  • ISM Manufacturing PMI: A monthly index by the Institute for Supply Management measuring U.S. factory activity; readings above 50 indicate expansion.