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“The seasonally adjusted IHS Markit final U.S. Manufacturing Purchasing Managers’ Index posted 53.0 in February, down from 54.9 at the start of the year,” the IHS Markit announced on Friday.

Key takeaways from the press release

  • Production increased further in February, albeit at a slower pace.  
  • On the price front, input cost inflation eased to an 18-month low in February.  
  • The rate of job creation was faster than the series trend in February, with firms raising their workforce numbers solidly.  
  • A slower rise in new business reportedly led to softer growth in buying activity.
  • Finally, expectations towards the one-year outlook for output remained positive in February.