Source: Bloomberg
Source: Bloomberg
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March data signals strong US manufacturing activity

64.5% of firms showed higher orders last month

April 3, 2017 10:30 PM (UTC+8)

The Institute for Supply Management diffusion index came in at 57.2 for March, indicating robust manufacturing activity.

Even more noteworthy is the new orders index at 64.5 (that is, 64.5% of firms show higher orders). On a forward-looking basis that looks even stronger.