bee Calculated Risk On 3/03/2025 10:00 AM AM
(Posted with permission). The ISM Manufacturing Index Indicated Expansion. The PMI® was at 50.3% in February, Down from 50.9% in January. The employment index was at 47.6%, down from 50.3%the previous month, and the new orders index was at 48.6%, down from 52.1%.
FROM ISM: Manufacturing PMI® at 50.3% February 2025 Manufacturing ISM® Report on Business®
Economic Activity in the Manufacturing Sector Expanded for the second month in a row in February after 26 conseecutive months of contraction, say the nation's Supply Executives in the latest Manufacturing ISM® Report on Business®.
The report was issued today by Timothy R. Fiore, CPSM, CPM, Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee:
“The Manufacturing PMI® Registered 50.3 PERCENT IN FEBRUARY0.6 Percentage Point Lower Compared to the 50.9 PERCENT RECORDED IN JANUARY. The overall economy continued in expansion for the 58th month after one month of contraction in April 2020. (A Manufacturing PMI® above 42.3 percent, over a period of time, generally indicates an expansion of the overall economy.) The New Orders Index Dropped Back into Contraction Territory After Expanding for three months, Registering 48.6 Percent6.5 PERCENTAGE POINTS LOWER THAN THE 55.1 PERCENT RECORDED IN JANUARY. The February reading of the Production Index (50.7 percent) is 1.8 percentage points lower than January's figures of 52.5 percent. The index expanded for the second month in a row after eight months in contract. The prices index Surged further into expansion (or 'increasing') Territory, Registering 62.4 Percent, Up 7.5 Percentage Points Compared to the reading of 54.9 Percent in January. The Backlog of Orders Index Registered 46.8 Percent, Up 1.9 Percentage Points Compared to the 44.9 Percent Recorded in January. The Employment Index Registered 47.6 Percentdown 2.7 percentage points from January's figures of 50.3 percent.
Emphasis added
This suggests Manufacturing expanded in February. This was below the consensus forecast.