The seasonally adjusted S&P Global U.S. Manufacturing Purchasing Managers’ Index (PMI) for March was 52.3, increasing 0.7 points from February and marking the eighth consecutive month above the 50-growth point. Manufacturers reported growth in output and new orders, mostly due to stronger demand domestically.
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. See S&P Global