ISM Sees Steady Manufacturing Growth
The PMI, the index used by the ISM to measure manufacturing activity, headed up 0.5 percent to 53.7 in March
Manufacturing growth was evident for the month of March as well as the first quarter, according to the monthly Manufacturing Report on Business released by for Institute for Supply Management (ISM).
The PMI, the index used by the ISM to measure manufacturing activity, headed up 0.5 percent to 53.7 in March, which is 0.3 percent below the 12-month average of 54.0 and its fourth-lowest reading since last May’s 50.0. The PMI is still over the 50 mark—which is the benchmark of strong economic activity—in 15 of the last 16 months, coupled with the overall economy growing for 58 straight months, according to the ISM.
Read more in Logistics Management
Subscribe to Modern Materials Handling Magazine!Subscribe today. It's FREE!
Find out what the world’s most innovative companies are doing to improve productivity in their plants and distribution centers.
Start your FREE subscription today!
The Pallet Report: Pallets help optimize operations, protect products and organize space Warehouse Basics: Navigating the pick path View More From this Issue