The essentially unchanged level of the ISM Manufacturing Index in February, after the prior month’s surge, suggests that the domestic factory sector is benefiting from stronger global conditions tied to the AI buildout. The surge in the prices paid index to its highest level since June 2022 will raise some eyebrows at the Fed, however, as it suggests further goods inflation pressures were in the pipeline even before factoring in the surge in oil prices due to events in the Middle East.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services