USA: Mixed image for the manufacturing sector

LAST UPDATE 17:10

A mixed picture was created for the manufacturing sector in the USA by two different exhibitions that saw the light of day today.

In particular, according to her research data S&P Global Manufacturing activity improved in March, with the relevant PMI climbing to 58.8 points from 57.3 points in February, surpassing the preliminary measure of 58.5 points.

The improvement in the health of the American manufacturing sector was strong overall and the fastest since last September, according to S&P Global.

“The growth of the manufacturing sector accelerated in March as strong demand and improving outlook offset the adversity of both rising price pressures and the war in Ukraine,” said Chris Williamson, chief economist at S&P Global.

In the opposite direction, the research by the Institute for Supply Management showed a slowdown in manufacturing in March, with the national activity index falling to 57.1 from 58.6 in February. Analysts’ average estimates in a Reuters poll put the index at 59.0.

Source: Capital

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