The index of business activity in the US manufacturing sector fell in February to the lowest level since November 2016

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In the US manufacturing sector in February, there was a decline in business activity. The corresponding index from the Institute for Supply Management was 54.2 points against the January value of 56.6 points. In February, the index value was the lowest since November 2016. According to experts, it was expected to drop to 55.8 points. The indicator, which indicates the dynamics of new orders in the country, dropped to 55.5 points from 58.2 points. The indicator of employment also showed a decline. Its value was 52.3 points against 55.5 points in January. In the remaining 16 sectors (out of 18), growth was recorded. 10 sectors showed employment growth. In 13 sectors, there was an increase in orders, companies from 12 sectors announced an increase in the volume of production.

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