The US Institute of Supply Management’s (ISM) PMI manufacturing index for February beat estimated to print at 49.5 compared to January figure of 48.2.
The details also revealed the pace of contraction in the jobs growth eased in February.
Sub indices
Employment index 48.5 Feb vs 45.9 Jan
Prices paid index 38.5 Feb vs 33.5 Jan (nsa)
New orders index 51.5 Feb vs 51.5 Jan
Production index 52.8 Feb vs 50.2 Jan
Supplier delivery index 49.7 Feb vs 50.0 Jan
Order backlog index 48.5 Feb vs 43.0 Jan (nsa)
(Market News Provided by FXstreet)
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