U.S. Factory Activity Grows At Cooler Pace

April 3, 2006
According to the Institute for Supply Management  as reported on Apri 3, U.S. factory activity grew at a slower pace in March. The ISM index fell to 55.2% in March from 56.7% in February. The decline was a surprise to analysts, who on average had been ...

According to the Institute for Supply Management as reported on Apri 3, U.S. factory activity grew at a slower pace in March. The ISM index fell to 55.2% in March from 56.7% in February.

The decline was a surprise to analysts, who on average had been expecting a rise to 57.7%.

Readings above 50 indicate expansion, so the report shows a strong if cooler pace of growth in the industrial economy.

Among component indexes, new orders fell to 58.4% in March from 61.9% in February.

The employment index fell to 52.5% from 55.0%.

The price index rose to 66.5% from 62.5%.

Copyright Agence France-Presse, 2006

Popular Sponsored Recommendations

Discover How an Eye Tracking Study Improves Training Procedures

Oct. 29, 2023
Did you know that your training processes can be streamlined by visualizing and analyzing key skills within your employee base? Find out how we use eye tracking to capture advanced...

Modern Edge Computing Accelerates Smart Manufacturing Initiatives for Discrete Manufacturers

Oct. 22, 2023
Discover how Edge Computing platforms are a requisite for discrete manufacturers to solve production challenges, accelerate digitalization, and establish a reliable infrastructure...

Gain a competitive edge with real-world lessons on private 5G networks

Nov. 16, 2023
The use of private networks in manufacturing applications is rapidly growing. In this paper, we present valuable insights and lessons learned from the field with the goal of enhancing...

Are You Positioned To Tackle Supply Chain Risk?

Sept. 20, 2023
Supply chain disruption is here to stay, but you can keep ahead of potential issues — and identify new opportunities — by regularly assessing your suppliers. Download our supplier...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!