The seasonally adjusted S&P Global U.S. Manufacturing Purchasing Managers’ Index (PMI) for March was 50.2, decreasing 2.5 points from February. Manufacturers reported a decrease in production with mild growth in new orders amid looming tariff concerns.
The PMI index comprises 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
