US DATA: Feb Mfg ISM text: “Economic activity in the.

US DATA: Feb Mfg ISM text: “Economic activity in the manufacturing
sector expanded in February for the 31st consecutive month, and the
overall economy grew for the 33rd consecutive month, say the nation’s
supply executives. PMI registered 52.4 percent, a decrease of 1.7
percentage points from January’s reading of 54.1 percent, indicating
expansion in the manufacturing sector for the 31st consecutive month.
The New Orders Index registered 54.9 percent, a decrease of 2.7
percentage points from January’s reading of 57.6 percent, reflecting the
34th consecutive month of growth in new orders. Prices of raw materials
increased for the second consecutive month, with the Prices Index
registering 61.5 percent. As was the case in January, new orders,
production and employment all grew in February – although at somewhat
slower rates than in January. Comments from the panel continue to
reflect a generally positive outlook for the next few months.”