Summary
- The US February manufacturing PMI came in at 51.6, indicating expansion in activity.
- The US manufacturing PMI for February was reported at 51.6, up from 51.2 the previous month.
- The market had projected the US February manufacturing PMI at 51.2, but the actual reading exceeded it.
Forecast Trend Report by Period
The US manufacturing purchasing managers’ index (PMI) for February came in above market expectations, indicating an expansion in activity.
According to S&P Global on the 2nd, the US February manufacturing PMI rose to 51.6 from the previous month’s 51.2. The market had forecast the US February manufacturing PMI at 51.2.
A reading above 50 is interpreted as expansion, while below that level indicates contraction.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
