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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.

PriorConsensusForecast RangeActual
ISM Manufacturing Index (PMI)55.3 55.0 54.5 — 55.5 52.8 
New Orders Index57.451.7
Production Index55.852.3
Employment Index57.552.4
Supplier Deliveries Index54.254.6
Inventories Index51.852.9
Prices Index 50.054.3

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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.

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