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US March manufacturing PMI at 6-month low

by ChemOrbis Editorial Team -
  • 06/04/2017 (12:35)
According to data from Markit IHS, US manufacturing sector continued to expand, albeit at the lowest pace of six months. US March PMI was reported at 53.3 in March after a reading of 54.2 in February. This slowdown caused output and new orders to decrease. The growth of sales also eased and stocks of finished goods were down for the first time in six months.

The rise in new orders was at the lowest since October 2016, with only a slight increase in new orders from abroad. This was attributed to the pressure of the strong dollar as well as the focus on marketing and better sales opportunities in domestic markets.

The data also revealed that higher raw material prices caused the rate of cost inflation to jump to the highest since September 2014.

Delays in supply deliveries, which were caused by transport disruptions due to bad weather conditions, were also reported to have an impact on the latest PMI result.
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