HomeNewsEconomyISM Manufacturing Index (PMI) Declines to 52.8 in March, Missing Forecast Range

ISM Manufacturing Index (PMI) Declines to 52.8 in March, Missing Forecast Range

Manufacturing industry production concept, depicting factory production on a conveyor belt with factory operational workers in uniform. (Photo: AdobeStock)

The Institute for Supply Management (ISM) manufacturing index (PMI) fell 2.5 percentage points in March to 52.8, missing the consensus forecast.

	Prior	Consensus	Forecast Range	Actual
ISM Manufacturing Index (PMI)	55.3	55.0	54.5 — 55.5	52.8
New Orders Index	57.4			51.7
Production Index	55.8			52.3
Employment Index	57.5			52.4
Supplier Deliveries Index	54.2			54.6
Inventories Index	51.8			52.9
Prices Index	50.0			54.3

Written by PPD Business Staff

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.