February PMI manufacturing at 57.5, showing another improvement
February PMI manufacturing at 57.5, showing another improvement March 01, 2021 Employment, inflation still concerns Manufacturing sector continues to record good performance as the Purchasing Managers’ Index (PMI) clocked 57.5 in February, almost similar to 57.7 recorded in January. However, the employment problem is still not out of the woods as payroll numbers saw a decline for the eleventh successive month. Also, cost inflation has seen a surge. Manufacturing sector has a share of around 15 per cent in gross domestic product (GDP). It is one of key sources of employment. Commenting on th...