*Number of months moving in current direction. Manufacturing ISM® Report On Business® data is seasonally adjusted for the
New Orders, Production, Employment and Supplier Deliveries Indexes.
MANUFACTURING AT A GLANCE
Index Mar Index Feb Index Point Change Direction Rate of Change Trend* (months)
PMI® 57.2 57.7 -0.5 Growing Slower 7
New Orders 64.5 65.1 -0.6 Growing Slower 7
Production 57.6 62.9 - 5. 3 Growing Slower 7
Employment 58.9 54.2 + 4. 7 Growing Faster 6
Supplier Deliveries 55.9 54.8 + 1. 1 Slowing Faster 11
Inventories 49.0 51.5 - 2. 5 Contracting From Growing 1
Customers’ Inventories 47.0 47.5 -0.5 Too Low Faster 6
Prices 70.5 68.0 + 2. 5 Increasing Faster 13
Backlog of Orders 57.5 57.0 +0.5 Growing Faster 2
New Export Orders 59.0 55.0 + 4.0 Growing Faster 13
Imports 53.5 54.0 -0.5 Growing Slower 2
OVERALL ECONOMY Growing Slower 94
Manufacturing Sector Growing Slower 7
43.3% = Overall Economy
50% = Manufacturing Economy
2017 2016 2015
Commodities Up in Price: Acetone; Acrylates; Aluminum ( 5); Butadiene ( 3); Caustic Soda ( 2); Copper ( 5); Corrugate ( 6); Corrugated
Boxes; Corrugated Packaging; Foam; HDPE; Nylon; Plastic Resin; Polypropylene ( 2); Rubber – Natural ( 2); Scrap Metal ( 2); Stainless Steel
(12); Steel ( 15); Steel Tubing ( 2); Steel – Carbon ( 4); Steel – Cold Rolled ( 5); Steel – Hot Rolled ( 4); and Titanium Dioxide ( 4).
Commodities Down in Price: None.
Commodities in Short Supply: Capacitors; Electronic Components; and Methacrylates.
Note: The number of consecutive months the commodity is listed is indicated after each item.
Manufacturing expanded in March as the PMI® registered 57.2 percent, a decrease of
0.5 percentage point from the February reading of 57.7 percent, indicating growth
in manufacturing for the seventh consecutive month. A reading above 50 percent
indicates that the manufacturing economy is generally expanding; below 50 percent
indicates that it is generally contracting. The past relationship between the PMI® and
the overall economy indicates that the average PMI® for January through March (57
percent) corresponds to a 4. 3 percent increase in real gross domestic product on an
Economic activity in the manufacturing sector expanded in March, and the overall economy grew for the 94th consecutive month, say the nation’s supply executives in
the latest Manufacturing ISM® Report On Business®.
The March PMI® registered 57.2
percent. The New Orders Index
registered 64.5 percent, a decrease
of 0.6 percentage point from the
February reading of 65.1 percent.
The Employment Index registered
58.9 percent, an increase of 4. 7
percentage points from the February reading of 54.2 percent.
Inventories of raw materials registered 49 percent, a decrease
of 2. 5 percentage points from the February reading of 51.5
percent. The Prices Index registered 70.5 percent in March,
an increase of 2. 5 percentage points from the February
reading of 68 percent, indicating higher raw materials prices
for the 13th consecutive month. Consistent with generally
positive comments from the panel, 17 out of the 18 industries
reported growth in March in the following order: Electrical
Equipment, Appliances & Components; Printing & Related
Support Activities; Furniture & Related Products; Textile
Mills; Machinery; Primary Metals;
Wood Products; Nonmetallic
Mineral Products; Plastics &
Rubber Products; Paper Products;
Chemical Products; Computer &
Electronic Products; Food, Beverage & Tobacco Products;
Fabricated Metal Products; and Petroleum & Coal Products.
‡Miscellaneous Manufacturing (products such as medical equipment and supplies,
jewelry, sporting goods, toys and office supplies).