Summary
- The US February manufacturing PMI recorded 52.7, exceeding expectations.
- A PMI above 50 indicates economic expansion.
- This can be interpreted as an economic expansion phase.
The US February manufacturing Purchasing Managers' Index (PMI) exceeded expectations.
On the 3rd (local time), S&P Global announced that the manufacturing Purchasing Managers' Index was 52.7, exceeding Wall Street's expectations (51.6).
The Purchasing Managers' Index (PMI) uses 50 as a baseline to gauge business expansion or contraction. A PMI above 50 indicates economic expansion, while below 50 indicates economic contraction.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
