In March 2024, U.S. manufacturing activity expanded for the first time in 16 months, with ISM's Manufacturing PMI at 50.30, up from 47.80 in February and 46.30 one year ago.
ISM's data also shows new U.S. manufacturing orders in February 2024 were $576.76 billion, up from $568.57 billion in January and $571.26 billion year over year - an increase of 1.44% and 0.96%, respectively.
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