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Manufacturing & The Economy

ISM: Manufacturing Still Solid in March

Manufacturing expanded in March, as the PMI registered 55.3%, an increase of 1.1% from the February reading of 54.2%. This indicates growth in manufacturing for the 31st consecutive month.

“Comments from the panel reflect continued expanding business strength, supported by gains in new orders and employment,” said Timothy R. Fiore, CPSM, C.P.M., chair of the Institute for Supply Management (ISM) Manufacturing Business Survey Committee. “Overall, inputs continue to reflect an easing business environment, but to a lesser extent than in February, confirmed by the Prices Index returning to expansion.”

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