FXstreet.com (Barcelona) - Economic activity in the US manufacturing sector has failed to grow in February, according to the latest Manufacturing ISM index that has failed to levels below 50.
In February, the ISM index has declined to 48.3% from 50.7 in January, and there are no signs of clear recovery pon sight, as the new orders index, with a reading of 49.1%, remains in contraction levels for the third consecutive month, decreasing from 49.5% in january.
The production Index has fallen to 50.7 from 55.2 in January, while the employment index has decreased to 46.0 in February from 47.1 in January. The prices index has declined to 75.5 in February from 76.0 in Jan.
The top seven performiing industries in February were: Apparel, Leather & Allied Products; Wood Products; Plastics & Rubber Products; Miscellaneous Manufacturing; Primary Metals; Food, Beverage & Tobacco Products; and Transportation Equipment, while, on the contracting side we find: Furniture & Related Products; Textile Mills; Nonmetallic Mineral Products; Fabricated Mineral Products; Printing & Related Support Activities; Machinery; and Chemical Products.