12122018Wed
Last updateTue, 11 Dec 2018 8pm

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Manufacturing & The Economy

IHS Markit Manufacturing Index Rose in February

U.S. manufacturers reported a strong upturn in business conditions during February, which continued the positive trend seen at the start of 2018. At 55.9, up from 55.5 in January, the seasonally adjusted IHS Markit Flash U.S. Manufacturing Purchasing Managers’ Index (PMI) pointed to the fastest improvement in overall business conditions since October 2014. A sharp and accelerated rise in incoming new business helped to boost the headline PMI in February, while manufacturing production growth was little-changed since January. The latest rise in new order volumes was the steepest for around three-and-a-half years, which survey respondents attributed to greater sales to domestic clients alongside further export gains. 

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