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United States PMI March 2022

United States: ISM manufacturing index decreases in March

The Institute for Supply Management (ISM) manufacturing index decreased to 57.1 in March from 58.6 in February. Nevertheless, the index remained firmly above the 50-threshold signaling a strong improvement in manufacturing activity over the previous month.

March’s slightly weaker expansion was predominately driven by softer new orders and production growth relative to the previous month. That said, employment levels rose at a quicker rate in March.

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