A report released by the Institute for Supply Management on Wednesday showed U.S. manufacturing activity contracted at a slightly slower rate in the month of February.
The ISM said its manufacturing PMI inched up to 47.7 in February from 47.4 in January, although a reading below 50 still indicates a contraction. Economists had expected the index to edge up to 48.0.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.