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"US Manufacturing Surges in March 2024 Despite Rising Raw Material Prices"

1 min read
Source: Bloomberg
"US Manufacturing Surges in March 2024 Despite Rising Raw Material Prices"
Photo: Bloomberg
TL;DR

The Institute for Supply Management's manufacturing gauge rose to 50.3 in March, indicating an unexpected expansion in US factory activity for the first time since September 2022, driven by a rebound in production and stronger demand, despite climbing input costs.

Topics:businesseconomics#economics#factory-activity#ism#manufacturing#production#us
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  1. ISM Manufacturing Index March 2024: Factory Activity Unexpectedly Expands  Bloomberg
  2. US manufacturing activity grows at fastest rate since 2022  Yahoo Finance
  3. Manufacturing PMI® at 50.3%; March 2024 Manufacturing ISM® Report On Business®  PR Newswire
  4. US manufacturing on the mend; rising raw material prices pose obstacle  Reuters
  5. Manufacturing Activity Climbs After 16-Month Contraction  PYMNTS.com

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