Chicago PMI Fell 3.9 Points to 55.9 in March, Missing Expectations

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Go back to Chicago PMI Fell 3.9 Points to 55.9 in March, Missing Expectations

ISM Manufacturing Index Rose to 53.7% in March, But Missed Expectations Amid Strong New Orders, Production

April 1, 2014 11:14 AM EDT

Economic activity in the manufacturing sector expanded in March for the 10th consecutive month, and the overall economy grew for the 58th consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Business.

The report was issued today by Bradley J. Holcomb, CPSM, CPSD, chair of the Institute for Supply Management (ISM) Manufacturing Business Survey Committee. "The March PMI registered 53.7 percent, an increase of 0.5 percentage point from February's reading of 53.2 percent, indicating expansion in manufacturing for the 10th consecutive month. (Consensus was looking for a reading of 54.0.) The New Orders Index registered 55.1 percent, an... More