U.S. manufacturing registered a PMI of 60.8 percent for February according to the latest ISM® Report On Business® to reach the highest figure since the start of the COVID-19 global pandemic.
“Manufacturing performed well for the ninth straight month, with demand, consumption and inputs registering strong growth compared to January,” says Timothy R. Fiore, Chair of the ISM® Manufacturing Business Survey Committee. “Labor-market difficulties at panelists’ companies and their suppliers continued to restrict manufacturing-economy expansion and will remain the primary headwind to production growth until employment levels and factory operations can return to normal across the entire supply chain.”
