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The Institute for Supply Management (ISM) said on Monday that its manufacturing PMI slipped to 50.3 last month from 50.9 in January, which marked the first expansion since October 2022.
Meanwhile, the prices paid index surged to a reading of 62.4, up from 54.9 the month prior and its highest level since July 2022, reflecting company costs continuing to increase.
The Manufacturing Purchasing Managers’ Index (PMI) rose from October’s 46.5% to 48.4% in November, exceeding analyst expectations of 47.5%, as tracked by TradingEconomics.
A PMI reading below 50 indicates contraction in the manufacturing sector, which accounts for 10.3% of the economy. US manufacturing drops to 15-month low amid higher input prices: ISM Skip to main ...
ISM's manufacturing index fell to a reading of 50.3 in February from 50.9 in January. Meanwhile, the prices paid index surged to a reading of 62.4, up from 54.9 the month prior, marking its ...
WASHINGTON (Reuters) -U.S. manufacturing moved closer to recovery in December, with production rebounding and new orders rising further, but the outlook remains uncertain amid the threat of higher ...
The Institute for Supply Management's manufacturing purchasing managers index for May fell to 48.7 from 49.2 in April. The factory sector has been under pressure for well over a year, with ISM's ...
Declines in the US manufacturing sector appear to have bottomed in a positive sign for the economy.. On Thursday, the January ISM Manufacturing PMI index registered a reading of 49.1 percent, up ...