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Last updateFri, 03 Apr 2020 8pm

Manufacturing & The Economy

U.S. Manufacturing PMI at Six Month Low

Goods producers noted only a slight improvement in operating conditions in February, as signaled by a fall in the IHS Markit Flash U.S. Manufacturing Purchasing Managers’ Index (PMI) from 51.9 to 50.8 midway through the first quarter. The improvement in the health of the manufacturing sector was the slowest since last August.

The lower headline index reading was partially driven by slower expansions in production and new orders. The upturn in output was the softest since last July, with firms stating that weak demand conditions and delays in deliveries following the outbreak of the coronavirus in China had dented production growth.

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