The US manufacturing sector saw an acceleration in activity growth in February, according to S&P Global, whose PMI index for the sector came in at 52.2 for the month, compared with a flash estimate of 51.5 and a reading of 50.7 for January.

As a reminder, the 50 threshold separates expansion and contraction of a sector's activity for PMI indices: the higher the index is above this threshold, the faster the pace of expansion.

Production benefited from improved supply conditions, and new orders recorded their strongest rise since May 2022, but the increase in selling prices also accelerated.

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