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March 2018 Manufacturing ISM Report On Business
From instituteforsupplymanagement.org
Economic activity in the manufacturing sector expanded in March, and the overall economy grew for the 107th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®. The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee: “The March PMI® registered 59.3 percent, a decrease of 1.5 percentage points from the February reading of 60.8 percent. The New Orders Index registered 61.9 percent, a decrease of 2.3 percentage points from the February reading of 64.2 ... (full story)
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ISM manufacturing index hits 59.3 in March; construction spending up 0.1% in February
A monthly measure of U.S. manufacturing activity decelerated more than economists predicted in March, while still maintaining a 19-month streak of overall growth. The Institute of Supply Management's index of manufacturing activity 59.3 in March, a larger tick downward from the prior month's 60.8 reading than expected. A survey of Reuters economists forecast March manufacturing to reach 60. A reading above 50 for the index indicates expansion in the manufacturing sector, and a reading below 50 signals contraction. U.S. construction spending rose less than expected in February amid a steep decline in investment in ... (full story)
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