US February ISM Manufacturing PMI 50.3... Below Market Expectations

Son Min

Summary

The US February ISM Manufacturing PMI was reported at 50.3, falling below expectations.
While the PMI index above 50 indicates economic expansion, it fell below the previous month's figure, suggesting an economic slowdown.
The PMI index was described as an important indicator for assessing the direction of industrial economic conditions.

The US February ISM Manufacturing Purchasing Managers' Index (PMI) came in below expectations.

According to the Manufacturing PMI report released by the Institute for Supply Management (ISM) on the 3rd (local time), the US February Manufacturing PMI was 50.3, falling short of both the expected figure (50.6) and the previous month's reading (50.9).

The ISM calculates the PMI index by conducting a monthly survey evaluating manufacturing conditions among 400 companies across 20 industrial sectors. A reading above 50 indicates that opinions favoring economic expansion are more prevalent, while a reading below 50 means that opinions expecting economic contraction are more common.