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Wednesday, April 3, 2024

Yahoo Finance: U.S. Manufacturing in Strongest Position Since 2022

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.