US ISM manufacturing PMI eases to 59.3 in March

“Economic activity in the manufacturing sector expanded in March, and the overall economy grew for the 107th consecutive month,” revealed the latest Manufacturing ISM Report released this Monday.

Key highlights:

   •  The March PMI registered 59.3 percent, a decrease of 1.5 percentage points from the February reading of 60.8 percent. 

   •  The New Orders Index registered 61.9 percent, a decrease of 2.3 percentage points from the February reading of 64.2 percent. 

   •  The Employment Index registered 57.3 percent, a decrease of 2.4 percentage points from the February reading of 59.7 percent.