The seasonally adjusted S&P Global U.S. Manufacturing Purchasing Managers’ Index (PMI) was 52.2 in February, increasing 1.5 points from January and marking the highest reading since July 2022. Manufacturers reported growth in new orders and output.
The PMI index is comprised of five sub-indices tracking changes in new orders, output, employment, suppliers’ delivery times, and stocks of raw materials. A reading above 50 indicates growth, while below represents a contraction. See S&P Global
