The activity report in the manufacturing sector showed higher than expected figures in most of the indicators. The The sector’s ISM index jumped to 64.7 in March, topping the market consensus of 61.3 and reaching the highest level since 1983. In February it had stood at 60.8.
The employment rate it went from 54.4 to 59.6; while that of new orders recorded an increase from 64.8 to 68.0. Regarding prices, the indicator showed a drop from 86.0 to 85.6.
The dollar unaffected by the data recorded a modest advance in the market. Prior to this report, there had been a rise in the Markit PMI index to 59.1 and a greater than expected increase in initial requests for unemployment benefits. The official employment report for March will be published on Friday.
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