Manufacturing expanded in March
Economic activity in the manufacturing sector expanded in March for the 10th consecutive month.
The latest Manufacturing ISM Report On Business showed the March PMI registered 53.7 percent, an increase of 0.5 percentage point from February's reading of 53.2 percent.
The New Orders Index registered 55.1 percent, an increase of 0.6 percentage point from February's reading of 54.5 percent. The Production Index registered 55.9 percent, a substantial increase of 7.7 percentage points compared to February's reading of 48.2 percent.
"Several comments from the panel reflect favorable demand and good business conditions, with some lingering concerns about the particularly adverse weather conditions across the country," said Bradley J. Holcomb, chair of the ISM Manufacturing Business Survey Committee.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
