ISM Manufacturing PMI Feb: 52.4 vs 52 expected (above expectations)
Expansion held — PMI 52.4 (vs 52.6 prior). Second straight month above 50 but only the third time in 40 months. Factory gate inflation surged on tariff costs.
📊 Results
Actual Reading
Market Reaction
💡 Key Takeaway
Manufacturing expansion holding but prices paid subindex surging — tariffs flowing through. New orders mixed, employment component softened.
📖 Why This Matters
Factory vibes check: are we still making stuff or just making excuses?
ISM Manufacturing PMI Feb actual vs expected
| Release date | Monday, March 2, 2026 at 10:00 ET |
|---|---|
| Event type | ISM |
| Actual | 52.4 |
| Expected | 52 |
| Prior | 52.6 |
| Expectation surprise | above expectations |
📚 Related calendar tools and guides
FAQ
What was the ISM Manufacturing PMI Feb result?
ISM Manufacturing PMI Feb came in at 52.4 versus 52 expected, above expectations.
How did markets react to ISM Manufacturing PMI Feb?
Muted — SPY +0.2%. Markets focused on the prices paid component signaling more inflation ahead.
🔗 Related Events
ISM Services PMI Feb
Blowout — 56.1 (vs 53.8 prior), highest since July 2022. Beat every single estimate in Bloomberg's survey. Services economy on fire despite everything.
ISM Manufacturing PMI Mar
Manufacturing improved to 52.7 in March from 52.4, beating the 52.0 consensus and marking the best reading since August 2022. Activity stayed in expansion, but supplier delays and tariff-related costs kept the inflation angle alive.
ISM Services PMI Mar
The services PMI eased to 54.0 in March from 56.1 and missed the 54.9 consensus. Services stayed in expansion, but growth cooled while price pressures kept creeping up and hiring softened.