US ISM manufacturing rose to 58.6, corresponds to 3.5% annualized GDP growth

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US ISM manufacturing rose to 58.6, corresponds to 3.5% annualized GDP growth

US ISM Manufacturing index rose from 57.6 to 58.6 in February, above expectation of 57.9. Looking at some details, production rose from 57.8 to 58.5. New orders rose from 57.9 to 61.7. Employment dropped from 54.5 to 52.9. Prices dropped from 76.1 to 75.6. ISM said: “The past relationship between the Manufacturing PMI and the […]

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Source: US ISM manufacturing rose to 58.6, corresponds to 3.5% annualized GDP growth