WASHINGTON (Dow Jones) – The national index of Purchasing managers in manufacturing in the USA in March much better developed than expected. According to the Institute for Supply Management (ISM) on Thursday, he rose to a level of 59.6 points. (Photo: Schneider)
From Dow Jones Newswires had asked economists a Predicted increase to only 57.0 after the previous month for the much Index noticed a booth had been expelled from 56.5.
The index for new orders rose to the information that to 61.5 (previous month: 59.5). The sub-index for production was 61.1 (58.4) indicated. The employment component fell to 55.1 (56.1), for the delivery periods were 64.9 (61.1) reported that Index for stocks showed a level of 55.3 (47.3 in). For the sub-index of prices was called a value of 75.0 (67.0).
A state of the ISM index above 50 indicates an Expansion of manufacturing in the U.S., a level below This mark indicates a contraction. The ISM, however, stressed regularly that more than one index level of 41.2 points more than one longer period is still a growth of Gross Domestic Product (GDP) signals.
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