US Factory Activity Growth Slows Less Than Expected


The ISM Manufacturing PMI fell to 57.2 in March from a 2-1/2-year high of 57.7 reported in February. New orders and production grew less while employment and export orders indexes jumped.

The growth slowed for new orders (-0.6 to 64.5), production (-5.3 to 57.6), inventories (-2.5 to 49) and imports (-0.5 to 53.5). In contrast, faster expanison was seen in employment (4.7 to 58.9), supplier deliveries (1.1 to 55.9), prices (2.5 to 70.5), backlogs of orders (0.5 to 57.5) and new export orders (4 to 59).

Of the 18 manufacturing industries, 17 reported growth in March in the following order: Electrical Equipment, Appliances & Components; Printing & Related Support Activities; Furniture & Related Products; Textile Mills; Machinery; Primary Metals; Miscellaneous Manufacturing; Wood Products; Nonmetallic Mineral Products; Plastics & Rubber Products; Paper Products; Transportation Equipment; Chemical Products; Computer & Electronic Products; Food, Beverage & Tobacco Products; Fabricated Metal Products; and Petroleum & Coal Products. No industry reported contraction in March compared to February.

US Factory Activity Growth Slows Less Than Expected


ISM | Joana Taborda | joana.taborda@tradingeconomics.com
4/3/2017 3:24:07 PM