Economy
April 4, 2017
ISM Manufacturing PMI Expands for 7th Month
Written by Sandy Williams
Manufacturing activity in the U.S. continued to grow in March according to the Manufacturing ISM Report on Business. The composite headline PMI registered 57.2 compared to 57.7 in February for its seventh consecutive month of growth. Index readings for New Orders and Production were strong at 64.5 and 56.6, respectively, but slowed from February readings of 65.1 and 62.9.
The employment index gained 4.7 percentage points to read 58.9 percent.
