US: ISM Manufacturing PMI falls to 57.1 in March versus 59.0 expected By Frank_Macro UnitedStates Macroeconomics PMI
. There was a sharp rise in the Price Paid subindex to 87.1 from 75.6 in February, which was larger than the expected reading of 80.0. The Employment index rose to 56.3 from 52.9 in February, in fitting with the recently released strong official labour market data, while the New Orders index fell sharply to 53.8 from 61.7 in February. FX markets hardly budged in reaction to the data which, most notably, showed a surge in inflationary pressures in the manufacturing sector last month.
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