According to data released by the US Institute for Supply Management on the 1st, the manufacturing purchasing managers' index in the United States in February was 61.4, which was 0.6 percentage point higher than that in January, indicating that US manufacturing has expanded for the 19th consecutive month.

The data also showed that the manufacturing new orders index for the month was 68.0, a growth of 0.2 percentage points from the previous month; the production index was 66.3, an increase of 2.8 percentage points month-on-month; the price index was 82.0, a month-on-month increase of 0.5. Percentage points; employment index was 64.5, up 2.8 percentage points; inventory index was 48.8, down 3.6 percentage points.

In terms of different industries, 14 out of 18 manufacturing industries achieved expansion in February, including clothing, machinery, computers and electronic products, food and beverages and tobacco products, transportation equipment, etc., and the scale of expansion achieved in 14 industries last month. the same. The other four manufacturing industries are in contraction, including primary metals, furniture and related products, plastics and rubber products.

The American Supply Management Association believes that the manufacturing purchasing managers index in February hit a new high since May 2004. Driven by export demand, the sub-index for new orders and production has grown strongly. However, despite the positive signals of the current month's data, the real estate-related industries are still weighed down by the downturn in the property market. The continuous rise in the price index also reflects the rising prices of international bulk commodities and raw materials.

The US Manufacturing Purchasing Managers' Index is a barometer of the overall development of the U.S. manufacturing industry. The index is usually at the critical point of 50, higher than 50 is considered that the manufacturing industry is expanding, and less than 50 indicates that the manufacturing industry is shrinking.

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