Manufacturing Keeps Expanding in March
Washington, DC, April 1, 2014 -- U.S. manufacturing continued to expand in March at a higher pace than in February, according to the Institute for Supply Management.
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ISM said its index rose to 53.7% from 53.2% in February. Readings over 50% indicate more companies are expanding instead of shrinking.
The employment measure fell 1.2 points to 51.1%, but the new-orders index rose to 55.1% from 54.5%, while the production gauge rose to 55.9% from 48.2%.