FYI: fter hitting its highest level in over two years in February, ISM Manufacturing for March saw a modest pullback. Economists were expecting the headline reading to fall to 57.2 from last month’s reading of 57.7, and that is exactly where it came in. it will be interesting to see how the next few months play out from here because prior rallies in the ISM Manufacturing report throughout this cycle have all peaked around these levels.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/modest-pullback-in-ism-manufacturing/
