In March, the ISM manufacturing index (PMI) rose 1.0 percentage points to 53.4%. The reading overshot market expectations, which had anticipated the index increasing to 53.0%. As a result, the index continues to be above the 50% threshold, which indicates the manufacturing sector has now been expanding for 32 consecutive months. The improvement over the previous month reflected an increase in three out of the five sub-components of the index, with the production and the employment sub-indices recording the largest gains. According to the ISM ?comments from the panel remain positive, with several respondents citing increased sales and demand for the next few months?.
United States PMI
Manufacturing PMI recovers in March
April 2, 2012
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United States Economic News
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