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

By ·

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!

Article Topics

· All Topics
Latest Whitepaper
Special Digital Issue: Packaging in Successful Fulfillment Operations
A comprehensive look at the software, hardware and equipment that ensure packaging processes are as efficient as possible.
Download Today!
From the September 2017 Modern Materials Handling Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
E-commerce and the New Pallet Paradigm
Driven by emerging streams of supply chain data, shifting customer demands, and an industry obsession with eliminating every sliver of waste, pallet usage continues to evolve. During this webcast we'll examine how Modern's readers are adapting to current challenges while positioning themselves to meet those that lie ahead.
Register Today!
EDITORS' PICKS
System Report: Pouch sorter powers Stage’s fulfillment needs
How a hometown department store chain transformed its e-fulfillment processes with pouch sortation...
Cubing and Weighing Equipment: Measure Up
The use of cubing and weighing equipment is growing beyond dimensional weight applications.

Lift truck operators: Drivers of change
For all the advances in lift truck technology and fleet management, operators will always be the...
Top 20 industrial lift truck suppliers, 2017
The top lift truck suppliers list is changing with industry acquisitions causing a dramatic...