Despite supply chain and talent struggles, March was a good month for manufacturing. According to the Institute for Supply Management (ISM), the manufacturing Purchasing Manager’s Index reached 64.7% in March.
This makes March the tenth month in a row that the industrial economy has seen growth since the steep decline experienced in April 2020. Similarly to February, the ISM’s indexes for employment, new orders, backlog of orders, imports, and production all continued to grow at an increased rate compared to February.
To read more, click the link to the article from IndustryWeek below.