Coming up: ISM survey of U.S. factory activity in March
The numbers: The Institute for Supply Management’s Manufacturing PMI, a closely followed index of U.S.-based manufacturing activity, slipped to 57.1% in March from 58.6% in the prior month, the research group said Friday. This is the lowest level since September 2020.
Any... The numbers: The Institute for Supply Management’s Manufacturing PMI, a closely followed index of U.S.-based manufacturing activity, slipped to 57.1% in March from 58.6% in the prior month, the research group said Friday. This is the lowest level since September 2020. Any number above 50% signifies growth. This is the 22nd straight month the index has been above the breakeven rate.
Released after the jobs report, the employment index rose 3.4 points to 56.3%. The prices index shot up 11.5 points to 87.1%.
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