États-Unis Confiance Des Entreprises

The ISM Manufacturing PMI fell to 50.3 in February 2025 from 50.9 in January, below forecasts of 50.5. The reading pointed to a slower growth in the manufacturing sector as "demand eased, production stabilized, and destaffing continued as companies experience the first operational shock of the new administration’s tariff policy. Prices growth accelerated due to tariffs, causing new order placement backlogs, supplier delivery stoppages and manufacturing inventory impacts", Timothy Fiore, Chair of the ISM said. New orders fell the most since March 2022 (48.6 vs 55.1). Employment (47.6 vs 50.3) also fell into contraction territory and production slowed sharply (50.7 vs 52.5). In addition, price pressures accelerated to the highest since June 2022 (62.4 vs 54.9). Meanwhile, inventories were basically stable (49.9 vs 45.9) and backlog of orders contracted less (46.8 vs 44.9) while supplier deliveries (54.5 vs 50.9) indicated further slowing deliveries.