ISM Manufacturing PMI: Second Straight Expansion

Advisor Perspectives Charts6.58K FollowersFollow5ShareSavePlay(5min)CommentsSummaryThe Institute for Supply Management (ISM) manufacturing purchasing managers index (PMI) came in at 52.4 in February, surpassing the 51.7 forecast.Of the five subindexes that make up the PMI, two (New Orders and Production) indicated slower growth compared to the previous month, and the Employment and Inventories indexes remained in contraction.Three demand indicators (the New Orders, Backlog of Orders and New Export Orders indexes) are in expansion, and the Customers’ Inventories Index remains in ‘too low’ territory, contracting at a slightly slower rate. Zhanna Hapanovich/iStock via Getty Images By Jennifer Nash The Institute for Supply Management (ISM) manufacturing purchasing managers' index (PMI) came in at 52.4 in February, surpassing the 51.7 forecast and marking the index's second straight expansion reading Here isThis article was written byAdvisor Perspectives Charts6.58K FollowersFollowAdvisor Perspectives is a leading interactive publisher for Registered Investment Advisors. Our AP Charts & Analysis portion of our website analyzes economic and market trends.