US Manufacturing Rebound Accelerates In March: Survey
US Manufacturing Rebound Accelerates In March: Survey 04/01/21 AT 10:57 AM The rebound in American manufacturing picked up speed in March thanks to rising demand amid the pandemic reopening, according to an industry survey released Thursday. However, that surge from the Covid-19 shutdowns is causing supply bottlenecks, as well as rising prices, the Institute for Supply Management (ISM) monthly survey showed. ISM's manufacturing index jumped 3.9 points last month to 64.7 percent, the highest reading since December 1983. "Manufacturing performed well for the 10th straight month," ISM survey chi...