The index US Manufacturing PMI has coincided with market forecasts and has fallen six tenths to 58.6 in February from 59.2 in January.
As reflected in the IHS Markit report, large expansions in production and new orders are seen in February, although costs increased at the steepest rate since April 2011 amid record supplier shortages. On the other hand, sales prices are increasing at the most pronounced rate since July 2008.
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