Notably, the manufacturing sector expanded after briefly contracting in January, the first contraction since Q3 2024.
Manufacturing Recovery and Industry Trends
CN Wire highlighted key trends in February’s PMI data:
- The manufacturing sector saw demand and production expand after January’s contraction.
- Industries reporting PMIs above 54.0 included non-ferrous metal smelting and rolling processing, general equipment, and electrical machinery and equipment.
- In contrast, textile and apparel, and petroleum, coal, and other fuel processing had PMIs below the 50 neutral point.
- Price indices continued to rise, which could ease deflationary concerns.
Assessing broader trends, CN Wire noted:
“In February, the Composite PMI Output Index was 51.1%, up by 1.0 percentage points from the previous month, remaining in the expansion…
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