US ISM Manufacturing PMI fell back into contraction at 49.0 in March, missing expectations of 49.9 and down from February’s 50.3. The decline was led by a sharp drop in new orders, which slumped from 48.6 to 45.2 — their lowest level since May 2023 — and a pullback in production 50.7 to 48.3. Employment […]
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