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U.S. Manufacturing Growth Falls in March

Published 04/02/2018, 10:03 AM
© Reuters.  ISM manufacturing PMI falls to 59.3 in March vs. 60.1 forecast

Investing.com - A closely-watched gauge of US manufacturing fell in March, according to a business survey released on Monday.

The Institute of Supply Management’s purchasing managers' index fell to 59.3, compared to forecasts for a reading of 60.1.

The prior month’s reading was 60.8.

The new orders index fell to 61.9 in March from 64.2 a month earlier.

The employment index dropped to 57.3 last month from the prior 59.7. Economists had predicted a decline to 54.5.

The prices paid index unexpectedly increased to 78.1 in March, from the previous reading of 74.2. Analysts had forecast the reading to drop to 72.6.

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