- March PMI Manufacturing Index 59.1 vs. 59.0 consensus, 58.6 prior.
- Output growth softens amid raw material shortages.
- Unprecedented deterioration in vendor performance.
- Costs and charges rise at historically elevated rates.
- “March
saw manufacturers struggle to cope with surging inflows of new orders.
Although output continued to rise at a solid pace, capacity is being
severely strained by the combination of soaring demand and supply chain
disruptions: supply chain delays and backlogs of uncompleted orders are
growing at rates unprecedented in the survey’s 14-year history, meaning
inventories of finished goods are falling at a steep rate,"
commented Chris Williamson, Chief Business Economist.
Thursday, April 1, 2021
March PMI at 59.1, second-highest on record
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