Keeping you up to date on the latest data releases.
The Purchasing Managers’ Index (PMI) rose 0.5 percentage points to 53.7 in March, which indicates a general expansion in the manufacturing sector as the index is above the growth threshold of 50. The index has slipped below 50 only twice since July 2009. Two of the five components of the PMI increased since February. Furthermore, all five components were above the growth threshold of 50. The production index posted a large monthly increase, rising 7.7 percentage points to 55.9. New orders increased 0.6 percentage points to 55.1. The inventory index was unchanged at 52.5. Supplier deliveries fell 4.5 percentage points to 54.0 percent. The employment index fell 1.2 percentage points to 51.1.
The ISM prices index fell 1.0 percentage point to 59.0 percent. Prices have decreased by 2.5 percentage points since February 2013’s high of 61.5 percent.