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February PMI Manufacturing below consensus and higher M/M

Mar. 01, 2022 9:45 AM ETBy: Deepa Sarvaiya, SA News Editor

PMI acronym word on yellow sticker note isolated on white, abbreviation PMI Private Mortgage Insurance, Purchasing Managers Index concept

Inna Kot/iStock via Getty Images

  • February PMI Manufacturing Index: 57.3 vs consensus of 57.5 from 55.5 in prior month.
  • Stronger new sales growth spurred manufacturers to increase staffing numbers and boost stocks of purchases
  • Pressure on capacity softened as backlogs rose

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