pmi

Inflation Threatens Manufacturing’s Recovery

U.S. manufacturing extended its modest rebound in March, but rising cost pressures and a renewed uptick in inflation point to a fragile and potentially short-lived recovery, according to data from the Institute for Supply Management. The Manufacturing PMI registered 52.7 percent in March, up from 52.4 percent in February, marking a third straight month of expansion after a prolonged downturn. Gains were led by stronger production, while new orders remained in ... [+]