US manufacturing activity picks up in February, hiring slows

UK granted health certificate against Kovid-19

WASHINGTON (Reuters) – US manufacturing activity lifted higher than expected in February as Covid-19 infections eased even as factory work slowed, helped by entanglement of supply chains and higher input prices.

The Institute for Supply Management (ISM) on Tuesday said its national factory activity index rose to 58.6 last month from 57.6 in January, the lowest since November 2020.

A reading above 50 indicates expansion in manufacturing, which accounts for 11.9% of the US economy. Economists polled by Reuters had predicted the index to rise to 58.0.

Manufacturing is gaining momentum in line with the broader economy after hitting pace in the form of coronavirus infections driven by the Omron variant across the country. The United States is reporting an average of 64,200 new Covid-19 infections a day, a fraction of the more than 700,000 in mid-January, according to a Reuters analysis of official figures.

The ISM survey’s potential new orders sub-index rose to 61.7 from 57.9 in January last month, the lowest reading since June 2020. services such as travel. Even if spending on services comes back as health conditions improve, economists expect demand for goods to remain strong.

Customer list remained extremely low for over 60 months.

The measure of the Factory Job Survey dropped to 52.9 from 54.5 the previous month. This was extended for five consecutive months.

(by Lucia Mutikani)

know more

+ What happens to the brain when we die? Scientists already have the answer
+ A woman can be prosecuted after saying that Gustavo Lima is the father of her daughter
+ Horoscope: See today’s forecast for your zodiac sign
+ One twin became a vegetarian, the other ate meat. check result
+ Omicron: Unexpected signs of infection in children worried medical teams
+ Mercadão de SP sellers threaten customers with fruit scam
+ Lemon squeeze trick created a craze on social media
+ ‘Monster ichthyosaur’ discovered in Colombia
+ See which were the most stolen cars in SP in 2021
+ Campaign identifies giant squid responsible for shipwreck in 2011
+ US agency warns: never wash raw chicken meat

See also  Merkel tells the Germans to follow the lockdown; America saw a decrease in vaccine demand

About the author: Sarah Gracie

"Proud social media buff. Unapologetic web scholar. Internet guru. Lifelong music junkie. Travel specialist."

Related Posts

Leave a Reply

Your email address will not be published.