SSLY - U.S. Flash PMI Indicates Steady Growth In February As Price Pressures Cool Further
2024-02-23 00:10:00 ET
Summary
- The early PMI data for February indicate that the US economy continued to expand midway through the first quarter.
- Although service sector growth cooled slightly, manufacturing staged a welcome return to growth, with factory output growing at the fastest rate for ten months.
- At 51.4, the headline S&P Global Flash US PMI Composite Output Index fell from 52.0 in January and signaled a marginal expansion in business activity midway through the first quarter of 2024.
The early PMI data for February indicate that the US economy continued to expand midway through the first quarter, pointing to annualized GDP growth in the region of 2%....
U.S. Flash PMI Indicates Steady Growth In February As Price Pressures Cool Further