Purchasing Managers' Indices for both Manufacturing and Services activities expanded in February.
Manufacturing PMI sustained its expansion in February 2021 recording an index value of 59.4, owing to the expansion in Production and New Orders. Further, Stock of Purchases and Employment as well as Suppliers’ Delivery Time remained expanded supporting to sustain the overall Manufacturing sector PMI at an elevated level.
Services PMI increased to 56.5 in February 2021 indicating a further improvement in the services sector. This increase was underpinned by the expansions observed in new businesses, business activities and expectations for activity.
