Economic
activity in the manufacturing sector in U.S. expanded in March for the
fourth consecutive month, and the overall economy grew for the 46th
consecutive month, say the nation's supply executives in the latest
Manufacturing ISM Report On Business.
The report was issued on
Monday by Bradley J. Holcomb, CPSM, CPSD, chair of the Institute for
Supply Management Manufacturing Business Survey Committee. "The PMI
registered 51.3 percent, a decrease of 2.9 percentage points from
February's reading of 54.2 percent, indicating expansion in
manufacturing for the fourth consecutive month, but at a slower rate.
Both the New Orders and Production Indexes reflected growth in March
compared to February, albeit at slower rates, registering 51.4 and 52.2
percent, respectively. The Employment Index registered 54.2, an increase
of 1.6 percentage points compared to February's reading of 52.6
percent. The Prices Index decreased 7 percentage points to 54.5, and the
list of commodities up in price reflected far fewer items than in
February. In addition, the Backlog of Orders, Exports and Imports
Indexes all grew in March."
source by Commodity Insights
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