March U.S. Manufacturing Index Remains Strong

The seasonally adjusted S&P Global U.S. Manufacturing Purchasing Managers’ Index (PMI) in March was 51.9, declining 0.3 points from February but marking the third consecutive month with a reading above  50.. Manufacturers reported growth in demand, new orders, and production.

The PMI index is comprised of five sub-indices tracking changes in new orders, output, employment, suppliers’ delivery times, and stocks of raw materials. A reading above 50 indicates growth, while below represents a contraction. See S&P Global

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