US Manufacturing Activities Expand for the 20th Month

According to data released by the US Institute for Supply Management on the 1st, the manufacturing purchasing managers index for the United States in March was 61.2, 0.2 percentage point lower than that in January, but still above the critical point of 50, indicating that US manufacturing activities Has been expanding for the 20th consecutive month.

Data show that the new manufacturing orders index for the month was 63.3, a decrease of 4.7 percentage points month-on-month; the production index was 69.0, an increase of 2.7 percentage points; the price index was 85.0, an increase of 3.0 Percentage points; employment index was 63.0, down 1.5 percentage points from the previous quarter; inventory index was 47.4, down 1.4 percentage points from the previous quarter.

In terms of sub-sectors, out of the 18 manufacturing industries, 15 expansions were achieved in the month, including clothing, computers and electronic products, food and beverages and tobacco products, transportation equipment, etc., which was more than the scale of the expansion of 14 industries last month; 2 The industry is in contraction, including the production of primary metals and wood products; another industry scale remains unchanged.

According to the American Supply Management Association, the manufacturing purchasing managers' index for the month remained above 60 for the third consecutive month, indicating that US manufacturing activities continued to expand in the first quarter. Despite the growth of sub-indexes such as production, companies are also very concerned about international commodities and raw materials. Rising prices will affect the profitability of companies.

The US Manufacturing Purchasing Managers' Index is a barometer of the overall development of the U.S. manufacturing industry. The index is usually at the critical point of 50, higher than 50 is considered that the manufacturing industry is expanding, and less than 50 indicates that the manufacturing industry is shrinking.

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