WASHINGTON, March 1 (Reuters) – U.S. manufacturing growth accelerated more than expected in February amid falling COVID-19 cases, the Institute’s monthly survey shows. for Supply Management (ISM) published on Tuesday.
The ISM manufacturing index rose to 58.6 last month from 57.6 the previous month, which was its weakest pace since November 2020. Economists polled by Reuters on average had expected a figure of 58.0.
The number 50 marks the border between growth and contraction of activity.
On Wall Street, stock indices reduced their losses after the publication of this indicator.
(Report Lucia Mutikani; French version Claude Chendjou, edited by Sophie Louet)
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