Report: PMI Above 60% for 3rd Consecutive Month

摘要

Tempe,az - Economic activity in the manufacturing sector expanded in March for the 20th consecutive month, says the Institute for Supply Management (ism.ws). The PMI registered 61.2%, down a slight 0.2 percentage points. New orders dipped 4.7 percentage points to 63.3%, while production grew 2.7 points to 69%. Inventories fell 1.4 points to 47.4%, and customer inventories dipped 0.5 points to 39.5%. Backlogs dropped to 52.5%, down 6.5 percentage points.