United States PMI

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United States: ISM moderates further in February

March 2, 2015

In February, the ISM manufacturing index decreased from the 53.5% recorded in January to 52.9%. The result was roughly in line with market expectations of a moderation to 53.0% and marked the lowest reading in just over a year. However, the index remains above the 50.0% threshold that indicates expansion in the manufacturing sector.

The index was mainly dragged down by declines in the production and employment categories. New orders also slowed compared to the previous month. In contrast, inventories ticked up in January.

FocusEconomics Consensus Forecast panelists expect that industrial output will increase 4.1% this year, which is up 0.1 percentage points from last month’s forecast. For 2016, panelists see industrial production decelerating to a 3.5% expansion.

Author:, Economist

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United States PMI Chart

USA PMI February 2015

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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