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Monday, April 5, 2021

March PMI Composite comes in stronger than expected

  • March U.S. PMI Composite Index (final): 59.7 vs. 58.1 consensus and 59.5 prior.
  • Reflects fastest upturn in private sector business activity since August 2014.
  • "Although the expansion in manufacturing sector production eased, service providers registered a marked rise in output," the IHS Market report said.
  • Service Index: 60.4 vs. 60.0 consensus, 59.8 prior.
  • In the services, index, the rate of output growth signaled was fastest since July 2014.

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