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Manufacturing expands at fastest pace since 1983: ISM

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The Institute for Supply Management’s (ISM) monthly measure of manufacturing activity rose to its highest level since 1983 in March.
The closely watched Manufacturing PMI rose to 64.7 percent, up 3.9 points from February and the highest since the 69.9 percent reading in December 1983.
“Manufacturing performed well for the 10th straight month, with demand, consumption and inputs registering strong growth compared to February,” Timothy Fiore, chair of the ISM’s Manufacturing Business Survey Committee, said in a statement.
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Some of the increase may have reflected a rebound from February, when harsh winter storms hit the country and disrupted supply chains and delivery. ....

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U.S. private payrolls rise less than expected in February

U.S. private payrolls increased less than expected in February amid job losses in manufacturing and construction, suggesting the labor market was struggling to regain speed despite the nation's improving public health picture. Part of the labor market's problems appear to be rooted in a shortage of workers. Other data on Wednesday showed job growth in the services industry retreated last month, with businesses reporting they were "unable to fill vacant positions with qualified applicants" and "need more resources to meet demand." ....

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Currencies mark time in Asia - MarketPulse

Currencies mark time in Asia - MarketPulse
marketpulse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketpulse.com Daily Mail and Mail on Sunday newspapers.

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U.S. service sector slows; businesses facing higher costs: ISM survey

U.S. service sector slows; businesses facing higher costs: ISM survey
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.

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February 2021 ISM and Markit Services Surveys Move In Opposite Directions

Written by Steven HansenThe ISM improved but remained in expansion whilst the Markit PMI improved advanced further into expansion. ....

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