"US Manufacturing Surges in March 2024 Despite Rising Raw Material Prices"
TL;DR Summary
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.
- ISM Manufacturing Index March 2024: Factory Activity Unexpectedly Expands Bloomberg
- US manufacturing activity grows at fastest rate since 2022 Yahoo Finance
- Manufacturing PMI® at 50.3%; March 2024 Manufacturing ISM® Report On Business® PR Newswire
- US manufacturing on the mend; rising raw material prices pose obstacle Reuters
- Manufacturing Activity Climbs After 16-Month Contraction PYMNTS.com
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