U.S. manufacturing activity exceeded expectations in March 2024, achieving its fastest growth rate since September 2022.
This has triggered an immediate rebound of the dollar, driven by a shift in expectations regarding interest rates, as traders now anticipate stronger economic data, potentially affecting the timing of rate cuts by the Federal Reserve.
March ISM Manufacturing PMI Report: Key Highlights
The Institute For Supply Management (ISM) data on the Purchasing Managers’ Index (PMI) rose to 50.3 in March 2024, marking an increase of 2.5 percentage points compared to the previous month and surpassing expectations of 48.4.
New Orders also experienced growth, climbing from 49.2 to 51.4, an increase of 2.2 percentage points. This change suggests a resurgence in demand, moving from a contracting to a growing phase.
Production saw a significant boost, with its index increasing from 48.4 to 54.6, a jump of +6.2 …
Full story available on Benzinga.com
U.S. manufacturing activity exceeded expectations in March 2024, achieving its fastest growth rate since September 2022.
This has triggered an immediate rebound of the dollar, driven by a shift in expectations regarding interest rates, as traders now anticipate stronger economic data, potentially affecting the timing of rate cuts by the Federal Reserve.
March ISM Manufacturing PMI Report: Key Highlights
The Institute For Supply Management (ISM) data on the Purchasing Managers’ Index (PMI) rose to 50.3 in March 2024, marking an increase of 2.5 percentage points compared to the previous month and surpassing expectations of 48.4.
New Orders also experienced growth, climbing from 49.2 to 51.4, an increase of 2.2 percentage points. This change suggests a resurgence in demand, moving from a contracting to a growing phase.
Production saw a significant boost, with its index increasing from 48.4 to 54.6, a jump of +6.2 …
Full story available on Benzinga.com
U.S. manufacturing activity exceeded expectations in March 2024, achieving its fastest growth rate since September 2022.
This has triggered an immediate rebound of the dollar, driven by a shift in expectations regarding interest rates, as traders now anticipate stronger economic data, potentially affecting the timing of rate cuts by the Federal Reserve.
March ISM Manufacturing PMI Report: Key Highlights
The Institute For Supply Management (ISM) data on the Purchasing Managers’ Index (PMI) rose to 50.3 in March 2024, marking an increase of 2.5 percentage points compared to the previous month and surpassing expectations of 48.4.
New Orders also experienced growth, climbing from 49.2 to 51.4, an increase of 2.2 percentage points. This change suggests a resurgence in demand, moving from a contracting to a growing phase.
Production saw a significant boost, with its index increasing from 48.4 to 54.6, a jump of +6.2 …Full story available on Benzinga.com Read MoreDIA, economics, Inflation, Inflation Rate, Interest Rates, Macro Economic Events, manufacturing, PMI, Rates, SPY, Stories That Matter, UUP, Broad U.S. Equity ETFs, Currency ETFs, Events, Top Stories, Economics, ETFs, DIA, US78467X1090, SPY, US78462F1030, UUP, US73936D1072, Macro Economic Events, Broad U.S. Equity ETFs, Currency ETFs, Events, Top Stories, Economics, ETFs, Benzinga Macro Economic Events
