Leather and apparel top ISM manufacturing report
03/04/2007
According to the Institute for Supply Management’s (ISM) Report On Business, apparel, leather and allied products was the fastest growing industry in the
The PMI registered 50.9% in March, a decrease of 1.4 percentage points compared with February's seasonally adjusted reading of 52.3%. However, a reading above 50% indicates that the manufacturing economy is generally expanding.
In March, the ISM Prices Index registered 65.5%, indicating that manufacturers are paying higher prices on average compared with February. While 36% of respondents reported paying higher prices and 5% reported paying lower prices, 59% of supply executives reported paying the same prices as in the preceding month.
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