Keeping you up to date on the latest data releases.
The ISM’s Manufacturing Purchasing Managers Index (PMI) declined modestly to 61.2 in March. Overall, the March index is still 0.8 index point higher than it was in March of 2010 and has maintained 20 consecutive months of growth. New orders, while on an upward trend, fell 4.7 index points to 63.3 from February to March. Production continued to increase rapidly, jumping 2.7 index points to 69.0, its highest value since January 2004. Growth in supplier deliveries also increased 3.7 index points, rising from 59.4 to 63.1 during the month. The prices index, which is not seasonally adjusted and does not factor into the overall PMI, continued its recent climb, edging up from 82.0 to 85.0 in March, though it remains below its recent peak of 91.5 in June 2008.