U.S. economic growth accelerated in February

By: Trademagazin Date: 2022. 02. 22. 10:04

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Private sector growth in the U.S. economy accelerated more than expected in February, according to a survey by London-based financial and economic data provider IHS Markit, whose preliminary data was released on Tuesday.

The manufacturing purchasing managers’ index (BMI) rose to 57.5 in February from 55.5 in January. Analysts had expected a 56-point improvement.

The service industry BMI also strengthened, jumping from 51.2 points in January to 56.7 points, exceeding the average of 53 points in the expert expectations.