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Calculated Risk: ISM® Manufacturing index Increased to 64 7% in March
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Manufacturing PMI® at 64 7%; March 2021 Manufacturing ISM® Report On Business®
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April 1, 2021
TEMPE, Ariz. â April 1, 2021 â Economic activity in the manufacturing sector grew in March, with the overall economy notching a 10th consecutive month of growth, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.
The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee:
“The March Manufacturing PMI® registered 64.7 percent, an increase of 3.9 percentage points from the February reading of 60.8 percent. This figure indicates expansion in the overall economy for the 10th month in a row after contraction in April. The New Orders Index registered 68 percent, up 3.2 percentage points from the February reading of 64.8 percent. The Production Index registered 68.1 percent, an increase of 4.9 percentage points compared to the February reading of 63.2 percent. The Backlog of Orders Index r
®.
® (ISM
®) Hospital Business Survey Committee: The Hospital PMI™ registered 57.5 percent in February, up 1.7 percentage points from the January reading of 55.8, indicating a ninth consecutive month of growth. The Business Activity Index decreased slightly compared to January. The New Orders and Employment indexes saw increases in February compared to January. The Case Mix Index decreased to 52 percent, down 4.5 percentage points compared to the January reading of 56.5 percent. The Days Payable Outstanding Index decreased to 50.5 percent, down 4.5 percentage points from the January reading of 55 percent. The Technology Spend Index registered 58 percent, an increase of 8 percentage points from the January reading of 50 percent.
Hospital PMI™ at 57 5%; February 2021 Hospital ISM® Report On Business®
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