Posted April 1, 2021

Manufacturing marches on

The Institute for Supply Management's purchasing manager index registered 64.7 percent in March, an increase of 3.9 percentage points from the February reading of 60.8 percent.

The increase indicates expansion in the overall economy for the 10th month in a row after contraction in April.

“The manufacturing economy continued its recovery in March. However, Survey Committee Members reported that their companies and suppliers continue to struggle to meet increasing rates of demand due to coronavirus (COVID-19) impacts limiting availability of parts and materials. Extended lead times, wide-scale shortages of critical basic materials, rising commodities prices and difficulties in transporting products are affecting all segments of the manufacturing economy," said Timothy Fiore, chair of the ISM Manufacturing Business Survey Committee.

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