Highlights of the March Philadelphia-area PMI
- Prior was -4.1
- Employment +9.6 vs +14.5 prior
- New orders +1.9 vs -2.4 prior
- Prices paid +19.7 vs +21.8 prior
- Future index +21.8 vs +31.3 prior
This one bounced back nicely in March. There was a spell of weakness that went through all the manufacturing PMIs but has reversed. My guess is that there were some lumpy inventory builds and draws around tariff worries.
