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U.S. Manufacturing PMI decreased in February

Monday, Mar 02 2015
The February PMI registered 52.9 percent, a decrease of 0.6 percentage point from January’s reading of 53.5 percent. No change was anticipated. The New Orders Index registered 52.5 percent, a decrease of 0.4 percentage point from the reading of 52.9 percent in January. The Production Index registered 53.7 percent, 2.8 percentage points below the January reading of 56.5 percent. 
 
The Employment Index registered 51.4 percent, 2.7 percentage points below the January reading of 54.1 percent. Inventories of raw materials registered 52.5 percent, an increase of 1.5 percentage points above the January reading of 51 percent. Comments from the panel express a growing level of concern over the West Coast dock slowdown, negatively impacting exports and imports and requiring workarounds and added costs.
 
Data did not have major impact on the markets. Euro is currently being traded few points above 1.12 handle, Sterling is around 1.5380 area,while Aussie is at 0.7780 level.
More in this category: « Eurozone CPI expected to be -0.3% Building Approvals increased by 7.9% in January »

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