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- U.S ISM non manufacturing PMI higher than expected in February
U.S ISM non manufacturing PMI higher than expected in February
The report was issued today by Anthony Nieves, Chair of the Institute for Supply Management:
"The NMI registered 59.5 percent, which is 0.4 percentage point lower than the January reading of 59.9 percent. This represents continued growth in the non-manufacturing sector at a slightly slower rate. The Non-Manufacturing Business Activity Index increased to 62.8 percent, 3 percentage points higher than the January reading of 59.8 percent, reflecting growth for the 103rd consecutive month, at a faster rate in February. The New Orders Index registered 64.8 percent, 2.1 percentage points higher than the reading of 62.7 percent in January".
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