- The Institute for Supply Management’s Manufacturing Purchasing Managers’ Index rose to 58.6 in February, up 1.0 point from 57.6 percent in January.
- The new orders index rose 3.8 points to 61.7 percent in February. It has been above 50 for 21 consecutive months, and it moved back above 60 after a one-month dip below 60 in January; the index is now at the highest level since September 2021.
- Overall, demand for the manufacturing sector remains robust but labor difficulties, materials shortages, and logistical problems continue to hamper the ability to meet that demand.
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Manufacturing Sector Survey Showed Strong Results In February