Mumbai, March 4 -- The seasonally adjusted S&P Global US Manufacturing Purchasing Managers' Index (PMI) recorded 52.7 in February, up from 51.2 in January.
It was the second successive month that the index has pointed to an improvement in the health of the manufacturing sector, with the rate of growth the best since June 2022.
The strengthening of the headline PMI in February stemmed principally from accelerated gains in both output and new orders.
February survey data indicated an acceleration in the rate of US manufacturing sector expansion. Growth was underpinned by noticeable upturns in both production and new orders.
There was some evidence that sector expansion was partially driven by advanced purchases ahead of likely price incre...