The Institute for Supply Management reported Tuesday that U.S. non-manufacturing sector step up in February to 56.0 from 55.2 in January. The economists expected ISM non manufacturing PMI to rises only to 55.3 last month. The prices index increased to 61.7 from 58.0 in January.
The demand increased in the USA in February, according to ISM data, as new orders index grew to 58.2 from 54.4 in January. The business activity index increased to 56.9 from 56.4 prior, and the inventory index jumped to 54.0 from 47.0 in January.
The employment index remained high at 57.2 in February, but a little lower than 57.5 in January.
Readings above 50 indicate activity is expanding.