The Institute for Supply Management said on Monday its manufacturing PMI was little changed at 52.4 last month compared to a reading of 52.6 in January. It was the second straight month that the PMI was above the 50 level, which indicates expansion. The survey's prices paid measure soared to 70.5, the highest level since October 2022, from 59.0 in January. The rise mirrored a surge in producer goods prices, excluding food and energy, in January and suggested more pass-through from tariffs was coming. The survey's measure of manufacturing employment edged up to 48.8 from 48.1 in January.

Source: The Edge Markets March 02, 2026 15:12 UTC