National Manufacturing Zigzags

Photo: Dynabrade, Inc.,  Clarence, NY

Photo: Dynabrade, Inc., Clarence, NY

The Institute for Supply Management’s widely-watched PMI Index was up 1.1 points to 55.3 for March, indicated a slight expansion in manufacturing activity nationwide.  March was still the third weakest monthly reading in the last year, with all three coming in the last four months.  New Orders were up 1.9 points to 57.4, Production was up 1.0 point to 55.8 and Employment increased 5.2 points to 57.5.  However, New Export Orders fell 1.1 points to 51.7 while Prices increased 4.9 points to 54.3 suggesting continued Tariff fallout.  Read the full report here.