United States PMI February 2016

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United States: ISM manufacturing index climbs more than expected in February

March 1, 2016

In February, the ISM manufacturing index jumped to 49.5 in February from 48.2 in January, which beat the 48.5 the markets had expected. The index rose for second consecutive month in February and recovered part of the ground lost in December, when the indicator fell to the lowest level in six and half years. Despite the increase, the index remains below the 50-threshold that distinguishes between expansion from contraction in the sector.

February’s improvement showed that U.S. manufacturing firms increased production in February and hired more staff in order to cope with more activity. Meanwhile, as new orders remained subdued, manufacturing firms reported an increase in inventories.

FocusEconomics Consensus Forecast panelists expect that industrial production will increase 2.0% in 2016, which is down 0.2 percentage points from last month’s forecast. For 2017, panelists see industrial production expanding 2.9%.


Author:, Senior Economist

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USA PMI February 2016

Note: Composite index in the Manufacturing Report on Business (PMI). Readings above 50% indicate an expansion in the manufacturing sector while readings below 50% point to a contraction.
Source: Institute for Supply Management.


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