The seasonally adjusted S&P Global U.S. Manufacturing Purchasing Managers’ Index (PMI) for February was 51.6, decreasing 0.8 points from January but marking the seventh consecutive month above the 50-growth point. Manufacturers reported slower growth in output and new orders due to tariffs, high prices, and adverse weather conditions impacting transportation.
The PMI index comprises five sub-indices tracking changes in new orders, output, employment, suppliers’ delivery times, and stocks of raw materials. A reading above 50 indicates growth. See S&P Global