U.S. preliminary manufacturing purchasing managers' index (PMI) rises to 54.3 in February

Market news

20 February 2015

U.S. preliminary manufacturing purchasing managers' index (PMI) rises to 54.3 in February

Markit Economics released its preliminary manufacturing purchasing managers' index (PMI) for the U.S. on Friday. The U.S. preliminary manufacturing purchasing managers' index (PMI) rose to 54.3 in February from 53.9 in January, beating expectations for a decline to 53.7.

A reading above 50 indicates expansion in economic activity.

The Markit Chief Economist Chris Williamson said that "the U.S. economy has entered a slower growth phase".

Foreign exchange market. American session: the Canadian dollar declined against the U.S. dollar after the weaker-than-expected Canadian retail sales data

U.S.: Manufacturing PMI, February 54.3 (forecast 53.7)

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