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Manufacturing PMI climbed to 49.4 in February 2026, up 2.2 from January's 47.2 reading. The reading matched the 48 consensus. Over the past 3 months, Manufacturing PMI averaged 48.25, vs 48.93 in the prior 3-month window.
The February 2026 reading rose from the previous value of 47.2. Historically, this indicator is positively correlated with USD/JPY (Bullish USD) and positively correlated with BTC/USD (Bullish BTC).
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