Supply Chain Monitor: March ISM PMIs
The March ISM Manufacturing PMIs came in strong earlier this week, with a dramatic increase in the Production index leading the way.
The March ISM Manufacturing PMIs came in strong earlier this week, with a dramatic increase in the Production index leading the way.
The aggregate Industrial Production index ticked up 0.1% month over month, for a reading that is down 0.2% year over year.
The Supply Chain Monitor is Employ America’s Macro Suite newsletter covering developments in data on the supply side of the economy.
The February ISM Manufacturing PMIs suggest a slowdown, but the commentary indicates that the slowdown is both expected, and not an indication of further erosion in the demand picture.
Some commentators have noted that supply-side disinflation may be reaching an end point, but it is also clear that the supply-side pricing pressures of the pandemic era are over.