In March 2024, the US manufacturing sector experienced growth for the first time in 18 months, as indicated by the ISM Manufacturing PMI, which rose to 50.3 from February's 47.8, surpassing the expected 48.3. This expansion was driven by a sharp rebound in production, stronger demand, and an increase in new orders, which climbed to 51.4. However, the employment index slightly declined to 47.4. Meanwhile, construction spending in the US fell for the second consecutive month in February, down by 0.3% against an expected increase of 0.7%. In contrast, Australia's manufacturing sector continued to contract, with the Judo Bank Manufacturing PMI for March recording a slight improvement to 47.3 from 46.8, still below the expansion threshold. South Korea's economic indicators showed mixed results, with a trade balance of 4.28B, imports declining by 12.3%, and exports growing by 3.1% year-over-year. Additionally, South Korea's CPI saw a marginal month-on-month increase of 0.1% and a year-on-year inflation rate of 3.1%, aligning with forecasts.
⚠️ SOUTH KOREA MARCH CONSUMER INFLATION +3.1% Y/Y, MATCHING FORECAST Full Story → https://t.co/b1xVw4efqP https://t.co/GMfO5D07s8
🇰🇷 South Korea CPI (MoM) (Mar) $KRW Actual: 0.1% 🔴 Expected: 0.3% Previous: 0.5%
🇰🇷 South Korea CPI (YoY) (Mar) $KRW Actual: 3.1% Expected: 3.1% Previous: 3.1%
🔴 SOUTH KOREA'S CORE CPI IN MARCH MARKS THE SLOWEST YEAR-ON-YEAR RISE SINCE DECEMBER 2021.
🔴 S. KOREAN CPI YOY ACTUAL 3.1% (FORECAST 3%, PREVIOUS 3.10%) $MACRO
🔴 S. KOREAN CPI MOM ACTUAL 0.1% (FORECAST 0.1%, PREVIOUS 0.50%) $MACRO
The ISM Manufacturing PMI indicated the manufacturing sector moved into expansion for the first time since September 2022 in March. The ISM's report also showed an uptick in new orders and production after these sub-indexes slipped into contraction last month. https://t.co/B9wwHmJCyA
🇦🇺 Australia Judo Bank Australia Manufacturing PMI $AUD Actual: 47.3 🟢 Expected: 46.8 Previous: 47.8
AUSTRALIA (MAR) JUDO BANK MANUFACTURING PMI ACTUAL: 47.3 VS 46.8 PREVIOUS
Australia Judo Bank Manufacturing PMI Mar F: 47.3 (prev 46.8)
🇦🇺 Judo Bank Manufacturing PMI Final (Mar) Actual: 47.3 Previous: 47.8 https://t.co/waz9lbsnqb
🔴 AUSTRALIAN MFG PMI FINAL ACTUAL 47.3 (FORECAST -, PREVIOUS 46.8) $MACRO
Heads Up:🇦🇺 Judo Bank Manufacturing PMI Final (Mar) due at 22:00 GMT (15min) Previous: 47.8 https://t.co/waz9lbsnqb
🔴 ISM MANUFACTURING PMI BREAKS A 16 MONTH CONTRACTION STREAK – US MARKET WRAP. https://t.co/i6svLjY3bF
The ISM Manufacturing PMI moved back above 50 in March, ending the longest downturn since 2000-01 (16 straight months below 50). https://t.co/IfOfOaS0Fd
U.S. manufacturing sector is in its strongest position since 2022, according to reports The Institute for Supply Management's manufacturing PMI indicated manufacturing sector moved into expansion for first time since September 2022 The ISM's manufacturing PMI registered… https://t.co/yQdL6JLga1
JUST IN: The 🇺🇸 US manufacturing sector has expanded for the first time in 18 months
March 2024 ISM Manufacturing PMI posts first positive print (i.e. >50 breakeven) in 18 months Production jumped to 54.6 from 48.4 in Feb, leading the way higher alongside improving orders and employment. However, prices paid also surged to 55.8 from 52.5, marking the highest… https://t.co/0MSO8JsXA0
The ISM Manufacturing survey signals the direction of the US economy—it just broke back over the 50 expansion/contraction line after 18 months below. This is the first time in history ISM has gone below 50 and risen back above without a recession. All your models are destroyed. https://t.co/h1rXVgAqqy
US factory activity unexpectedly expanded in March for the first time since September 2022 on a sharp rebound in production and stronger demand, while input costs climbed. https://t.co/NEDAI4hXqx via @economics
US manufacturing activity grows at fastest rate since 2022: The ISM's manufacturing PMI registered a reading of 50.3 in March, up from February's reading of 47.8 and higher than the 48.3 economists expected, according to Bloomberg data.
#ISM Manufacturing Index back above 50. #Yields UP! https://t.co/a5DGOBXK3P
US Manufacturing Activity Hits Highest Growth In 18 Months: 'Clear Signs Of Improving Conditions' U.S. manufacturing activity surged in March 2024, hitting its fastest growth since September 2022. March ISM data exceeded forecasts with PMI at 50.3, driving stocks down and… https://t.co/4Y2xJdaVhV
US construction spending falls for second straight month in February https://t.co/sxfMXueJTJ https://t.co/F030vxoxwu
#US #manufacturing sector grows for the first time in 1.5 years https://t.co/zOFvH9aRXe
Manufacturers show sign of revival as ISM index turns positive for first time in 17 months https://t.co/xFEe18BrrT
Construction spending posts bigger-than-expected drop https://t.co/V1GeNjt2r3
⚠️ US CONSTRUCTION SPENDING FALLS FOR SECOND STRAIGHT MONTH IN FEBRUARY Full Story → https://t.co/t9M8qcPyHE U.S. construction spending unexpectedly fell in February as strength in single-family homebuilding was more than offset by weaknesses in nonresidential and public… https://t.co/gNgZ4vNMz9
🔴 BOC SURVEY: SHARE OF FIRMS PLANNING UNUSUALLY LARGE OR FREQUENT PRICES INCREASES IS DECLINING STEADILY.
🔴 BOC SURVEY: SEPARATE BOC Q1 SURVEY ON CONSUMER EXPECTATIONS SHOWS 52% OF CANADIANS EXPECT A RECESSION OVER THE NEXT YEAR, DOWN FROM 61% IN Q4.
🔴 BOC SURVEY: 24% OF FIRMS REPORTED OUTRIGHT DECLINE IN SALES OVER THE PREVIOUS 12 MONTHS, DOWN FROM 39% IN Q4.
🔴 BOC CONSUMER SURVEY EXPECTATIONS FOR 5-YEAR INFLATION HAVE RISEN TO 3.12% FROM 2.62% IN Q4.
🔴 BOC SURVEY: CONSUMERS THINK INTEREST RATES WILL DECREASE OVER THE NEXT 12 MONTHS.
🔴 BOC SURVEY: 17% OF FIRMS THINK IT WILL TAKE LONGER THAN FOUR YEARS FOR INFLATION TO RETURN TO 2%, DOWN FROM 27% IN Q4.
🔴 BOC SURVEY: RECENT INDICATORS OF FUTURE SALES HAVE IMPROVED; BALANCE OF OPINION WAS +4 COMPARED TO -10 IN Q4.
🔴 BOC SURVEY: 27% OF FIRMS EXPECT CANADA TO BE IN A RECESSION OVER THE NEXT YEAR, DOWN FROM 38% IN Q4.
🔴 BOC SURVEY: 40% OF FIRMS EXPECT INFLATION TO REMAIN ABOVE 3% FOR THE NEXT TWO YEARS, DOWN FROM 54% IN Q4.
February construction spending -0.3% month/month vs. +0.7% est. & -0.2% in prior month … second consecutive monthly drop, driven by weakness in public spending (-1.2%); private residential was strong at +0.7%; private residential home improvement +0.2% https://t.co/sqZVuYvlNs
From rolling recession to rolling recovery? March ISM Mfg PMI moved up to 50.3 vs. 48.3 est. & 47.8 in prior month (first time above 50 since Sept 2022) … new orders rose to 51.4 vs. 49.2 prior; prices paid up to 55.8 vs. 52.5 prior; employment up to 47.4 vs. 45.9 prior https://t.co/m0Dcb8DTKL
US manufacturing sector grows for the first time in 1-1/2 years https://t.co/mMObyx0m5A https://t.co/4ATLSKtsQF
Construction Spending Decreased 0.3% in February https://t.co/ePHc6F5DKF https://t.co/Eh4NWY4k0G
March ISM Manufacturing Index is 50,3 and the Prices Paid component is 55.8. The headline line index was expected to be a half point higher on the month at 48.3; the estimate for the Prices Paid was 53.0, or a up a half point on the month.
Manufacturers show sign of revival as ISM index turns positive https://t.co/hbYWzuszJA
🇺🇸 @ISM #Manufacturing sentiment back in expansion territory for 1st time since Sep 22 ✅ISM Manufacturing +2.5pt to 50.3 in March✅ ✅New Orders 51.4 (+2.2pt) ✅Production 54.6 (+6.2pt) ⚠️Employment 47.4 (+1.5pt) 🟡Backlogs 46.3 (flat) 🟡Inflation 55.8 (+3.3pt) https://t.co/2L39oAjJA4
US factory activity unexpectedly expanded in March for the first time since September 2022 on a sharp rebound in production and stronger demand, while input costs climbed. https://t.co/7wgHZq5b3e
🔴 US CONSTRUCTION SPENDING FEBRUARY REPORT. https://t.co/ZU7aXBY949
ISM manufacturing higher at 50.3 vs 48.3 exp (beat) ISM prices paid (inflation) 55.8 vs 53.0 exp (beat) ISM new orders 51.4 vs est 49.8 (beat) ISM employment 47.4 vs est 47.5 (miss)
🔴 US ISM MANUFACTURING PMI MARCH REPORT. https://t.co/Dx9lOobY27
ISM® Manufacturing index Increased to 50.3% in March https://t.co/5GnDKIQ0TC The PMI® was at 50.3% in March, up from 47.8% in February. The employment index was at 47.4%, up from 45.9% the previous month, and the new orders index was at 51.4%, up from 49.2%.
Global | US ISM factory index shows first expansion since Sept 2022: Agencies https://t.co/ursRwwvb8Y
Manufacturing activity expanded in March for first time since September 2022: ISM https://t.co/Roi8GkKqjK
US ISM FACTORY INDEX SHOWS FIRST EXPANSION SINCE SEPTEMBER 2022
MANUFACTURING IS BACK!? ISM Manufacturing Index turns positive for first time since September 2022 https://t.co/lpjRKTI2rE
Global | US March ISM manufacturing index rises to 50.3 vs est of 48.3: Agencies https://t.co/RXa4zWrwXi
⚠️ US MANUFACTURING SECTOR GROWS FOR THE FIRST TIME IN 1-1/2 YEARS Full Story → https://t.co/5YXA8UWFFl
US March ISM manufacturing index rises to 50.3 vs est of 48.3: Agencies https://t.co/pkpYiXrDow
BREAKING: US ISM Manufacturing PMI comes in at 50.3, about flat after months of contraction. The forecast was for 48.3, and the previous reading was 47.8. Prices continue to rise, employment fell faster. New orders slipped. Backlogs slowed the rate of contraction. https://t.co/LH6vKJESNg
#US S&P Global March #manufacturing #PMI at 51.9 vs 52.2 prior: Agencies 🗞️ Catch the day's latest news and updates ➠ https://t.co/ga2Bt7oTBT https://t.co/w3gos3jnUZ
🔴 US CONSTRUCTION SPENDING MOM ACTUAL -0.3% (FORECAST 0.7%, PREVIOUS -0.2%) $MACRO
US CONSTRUCTION SPENDING -0.3% IN FEB; CONSENSUS +0.7%
🔴 US ISM MFG. PRICES PAID ACTUAL 55.8 (FORECAST 52.9, PREVIOUS 52.5) $MACRO
🔴 US ISM MFG. EMPLOYMENT INDEX ACTUAL 47.4 (FORECAST -, PREVIOUS 45.9) $MACRO
🇺🇸 Construction Spending MoM (Feb) Actual: -0.3% Expected: 0.7% Previous: -0.2% https://t.co/waz9lbsnqb
US FEB. CONSTRUCTION SPENDING FALLS 0.3% M/M; EST. +0.7%
🔴 US ISM MFG. NEW ORDERS INDEX ACTUAL 51.4 (FORECAST 49.8, PREVIOUS 49.2) $MACRO
US MARCH ISM MANUFACTURING INDEX RISES TO 50.3; EST. 48.3
US manufacturing production expanded at a 22-month high in March: S&P rising labor costs mentioned as pushing up selling prices... the rate of output price inflation quickened for 4th straight month https://t.co/L9DyB6hn4L
🔴 US S&P MANUFACTURING PMI MARCH FINAL REPORT https://t.co/aEc1DAdAb0
🔴 CANADIAN MANUFACTURING PMI ACTUAL 49.8 (FORECAST -, PREVIOUS 49.7) $MACRO
#Japan's #ServiceSector sentiment rises to highest in over three decades https://t.co/BP7L75GmzC
Business confidence figures show sentiment at Japanese service sector firms hitting highs not seen for more than three decades https://t.co/HMqSjT7Ay1 https://t.co/rTsecLvyY0
Japan's central bank survey finds less optimistic manufacturers, but happier service sector: A key Japanese central bank report said Monday that sentiment among big manufacturers has sagged but that optimism is at a three-decade… https://t.co/JXX0K4HiPR #japannews #japantoday
🇯🇵 #Japan Q1 big manufacturers' mood down, seen falling further ahead -Tankan - Reuters https://t.co/9KmcDSPAlI
🔴 BOJ TANKAN: JAPAN'S BIG MANUFACTURERS EXPECT DOLLAR TO AVERAGE 140.40 YEN FOR FY2024/25
🔴 BOJ TANKAN: FINANCIAL CONDITION INDEX OF ALL FIRMS UP 11 IN MARCH FROM DECEMBER'S +11
🔴 BOJ TANKAN: JUNE SMALL MANUFACTURERS INDEX EXPECTED TO BE -2, SHOWS POLL
Japan’s largest service-sector firms are their most optimistic in more than three decades even as confidence among manufacturers softens a tad, a Bank of Japan survey shows. https://t.co/Y8aDYmwLrM
Japan’s Service Sector Mood Climbs to 33-yr High, Leaves Scope for More BOJ Hikes https://t.co/sRL1oUMf9r
Japan manufacturers' business mood drops for the first time in a year https://t.co/7LJvNbvNv7
Japan big makers' sentiment worsens to 11 in March from 13: BOJ https://t.co/yAPDmMxB9a
Business sentiment among big Japanese non-manufacturers improved to a more than three-decade high in the first quarter, a central-bank survey showed, offering policymakers hope that domestic demand will underpin an economic recovery https://t.co/qgc5h73oQJ
Business sentiment among big Japanese non-manufacturers improved to a more than three-decade high in the first quarter, a central-bank survey showed, offering policymakers hope that domestic demand will underpin an economic recovery. More here: https://t.co/OzI3tmh9b4
⚠️ JAPAN'S MARCH FACTORY ACTIVITY SHRINKS AT SLOWER PACE, PMI SHOWS Full Story → https://t.co/TxTPSmh6OL https://t.co/rXnJvLXcGr
JAPAN S&P GLOBAL MARCH FINAL MANUFACTURING PMI AT 48.2 (VS FLASH 48.2)
🔴 JAPAN'S S&P GLOBAL MANUFACTURING PMI FOR MARCH RECORDS FINAL READING OF 48.2, SAME AS FLASH PMI
🔴 SOUTH KOREA'S S&P GLOBAL MANUFACTURING PMI FOR MARCH: 49.8, DOWN FROM 50.7 IN FEBRUARY
🔴 JAPANESE JIBUN MFG PMI ACTUAL 48.2 (FORECAST -, PREVIOUS 48.2) $MACRO
🔴 S. KOREAN MFG PMI ACTUAL 50.7 (FORECAST -, PREVIOUS 50.7) $MACRO
Japanese Large Manufacturers Business Sentiment Worsened 1irst Time in 4 Quarterly Periods, According to Tankan BOJ Survey https://t.co/yqj2FUMoR1
Japan's service-sector sentiment hits more than three-decade high https://t.co/CVBUHycJoQ https://t.co/AFUu7gIKpI
⚠️ JAPAN'S SERVICE-SECTOR SENTIMENT HITS MORE THAN THREE-DECADE HIGH Full Story → https://t.co/NhYdT8OGHt https://t.co/Aflkiesihp
Japan Q1 big manufacturers' mood down, seen falling further ahead -Tankan https://t.co/3EygCG7sdq https://t.co/SciVgx97rk
⚠️ JAPAN Q1 BIG MANUFACTURERS' MOOD DOWN, SEEN FALLING FURTHER AHEAD -TANKAN Full Story → https://t.co/jp3tgBnILj https://t.co/jjx51pgd4g
Confidence among Japan’s large manufacturers weakened slightly for the first time in four quarters https://t.co/oVniZ48I6M
Japan business mood drops for the first time in a year https://t.co/LwOwvTzZZ8
🔴 S. KOREAN TRADE BALANCE PRELIM ACTUAL 4.28B (FORECAST 4.9B, PREVIOUS 4.29B) $MACRO
🇰🇷 Exports YoY (Mar) Actual: 3.1% Expected: 5.2% Previous: 4.8% https://t.co/waz9lbsnqb
🔴 S. KOREAN EXPORTS PRELIM ACTUAL 3.1% (FORECAST 4.1%, PREVIOUS 4.8%) $MACRO
🔴 S. KOREAN IMPORTS PRELIM ACTUAL -12.3% (FORECAST -10.5%, PREVIOUS -13.1%) $MACRO
🇰🇷 South Korea Imports (YoY) (Mar) $KRW Actual: -12.3% 🔴 Expected: -8.1% Previous: -13.1%
🇰🇷 South Korea Exports (YoY) (Mar) $KRW Actual: 3.1% 🔴 Expected: 5.2% Previous: 4.8%
🇰🇷 South Korea Trade Balance (Mar) $KRW Actual: 4.28B 🔴 Expected: 5.75B Previous: 4.29B
🔴 BOJ TANKAN: BIG MANUFACTURERS' OUTLOOK LOWEST SINCE SEPTEMBER 2023
🔴 BOJ TANKAN: JAPAN COMPANIES EXPECT CONSUMER PRICES TO RISE 2.1% ANNUALLY IN 5 YEARS, MATCHING PREVIOUS SURVEY