The Institute for Supply Management's (ISM) manufacturing PMI showed the manufacturing sector moved into expansion for the first time since October 2022. The ISM's manufacturing PMI registered a reading of 50.3 in March, which was the highest for the index since September 2022.
"The final reading of the S&P Global Manufacturing PMI signaled a further encouraging improvement in business conditions in March, adding to signs that the US economy looks to have expanded at a solid pace again in the first quarter," said Chris Williamson, S&P Global Market Intelligence chief business economist.
To read more about these numbers, click here for an article from Yahoo Finance.