Manufacturing activity increases for 119th month
Next month could mark 10 years that US manufacturing has been growing …
The ISM Manufacturing Index increased to 55.3% in March, surpassing the consensus estimate of 54.5%. A level above 50% implies that the manufacturing sector is expanding.
Chair of the Institute for Supply Management, Timothy R. Fiore stated that “comments from the panel reflect continued expanding business strength, supported by gains in new orders and employment. Demand expansion continued, with the New Orders Index returning to the high 50s.” Further, continuous improvement in the trade war situation between the United States and China has also benefited trade-sensitive sectors.