Sharpest rise in US manufacturing output in almost two years

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Key points:

  • Strongest rise in output since March 2011
  • New order growth remains strong, but slower than January
  • Job creation at three-month low
  • Input price inflation slows, but remains strong

The Markit Flash U.S. ManufacturingPurchasing Managers’ Index (PMI™) signalled further expansion of the U.S. manufacturing sector in February, although the rate of growth slowed slightly on January’s nine -month peak. At 55.2, down from 55.8, the ‘flash’ PMI reading, which is based on around 85% of usual monthly replies, continued to suggest a strong improvement in overall manufacturing business conditions.

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