US manufacturing activity saw significant growth in March 2024, with the ISM Manufacturing PMI rising to 50.3 from 47.8 in February, surpassing economists' expectations of 48.3. This marked the first expansion in the manufacturing sector after 16 months of contraction, driven by a rebound in production and increased demand. Input costs also rose as prices paid surged to 55.8 from 52.5, indicating the highest level in a while.
Another bad sign for the Fed: US manufacturing activity expanded in March for the first time in 16 months. The ISM manufacturing PMI index increased to 50.3 last month, up from 47.8 in February, beating expectations of 48.4. The beat came from rising new orders and the highest… https://t.co/RpJemZfwNr
⚠️ US FACTORY ORDERS INCREASE SOLIDLY IN FEBRUARY Full Story → https://t.co/ECJRHZvPi0 New orders for U.S.-manufactured goods rebounded more than expected in February, boosted by demand for machinery and commercial aircraft as manufacturing regains its footing. https://t.co/BwceAGRX4D
March marked the first monthly expansion for US manufacturing since September 2022 with PMI rising to 50.3 (vs. 48.4 est, 47.8 prev). @GregDaco https://t.co/UxYkvp9f8l
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
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
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 PMI in the United States increased to 50.3 in March 2023, up from 47.8 in February and beating market expectations of 48.4. This marked the first expansion in the manufacturing sector after 16 months of contraction. https://t.co/fnIzI7Sup8
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.
The ISM Manufacturing PMI in the United States increased to 50.3 in March 2024, up from 47.8 in February and beating market expectations of 48.4. This marked the first expansion in the manufacturing sector after 16 months of contraction. https://t.co/X12V7f1Hoc