US Manufacturing PMI Rises to 8-Month High
The S&P Global US Manufacturing PMI rose to 51.6 in February 2025, from 51.2 in January, above market expectations of 51.5, preliminary estimates showed. It was the highest reading since June 2024, signaling a continued recovery in the sector.
Factory output grew for the second straight month at the fastest pace in nearly a year, while the drag from falling input inventories eased. However, new order growth slowed, and employment gains nearly stalled, suggesting cautious hiring.
Supplier delivery times lengthened for the fifth month in a row, though at a slower pace, indicating ongoing but less severe supply chain pressures. Overall, the data points to modest manufacturing expansion despite some lingering challenges.
Source: Trading Economics