ISM March US manufacturing 57.1 vs 59.0 expected

• Prior was 58.6
• business activity/production versus 55.1 last month
• new orders 53.8 versus 56.1 last month
• employment 56.3 versus 48.5 last month
• prices 87.1 versus 83.1 last month
• inventories 55.5 versus 50.8 last month
• Customer inventories 34.1 vs 31.8 last month
• Backlog of orders 60.0 vs 65.0 last month
• Supplier deliveries 65.4 vs 66.1 last month
• Full report

The comments in the report highlight worsening supply chains.

• “No letup yet in supply chain challenges, especially electronic components. Relying more and more on the broker market.” [Computer & Electronic Products]
• “Customer orders are brisk in the face of significant price increases, while we continue to struggle with inbound supplier service and raw material availability issues.” [Chemical Products]
• “Generally speaking, the business environment is slowly improving for aerospace component manufacturers. Supply chain disruptions and still-extending lead times continue to keep purchasing busy. This further causes reevaluation of the current year’s business plan and cost assumptions.” [Transportation Equipment]
• “Overall business conditions are challenging in both domestic and international transportation. The Russian invasion of Ukraine has created uncertainty in the grain markets, causing upward pricing pressure. In addition, inflationary pressures across all categories have made it challenging to manage cost and profitability.” [Food, Beverage & Tobacco Products]
• “Prices are increasing on steel and steel products after a slight decrease from highs last month. Transportation costs are going up significantly with the increase in fuel prices.” [Machinery]
• “Backlog continues to be strong as we ship delinquent orders resulting from COVID-19 Covid-19 Covid-19 or the novel Coronavirus is a pandemic that has yielded wide ranging economic turmoil and volatility across financial markets in 2020. The first cases of Covid-19 were reported in Wuhan, China in late 2019. Since then, the virus has expanded globally, infecting millions worldwide. The virus has been extremely controversial, namely in the United States, which became heavily politicized during the 2020 presidential election. The Covid-19 pandemic is completely unprecedented in modern ti Covid-19 or the novel Coronavirus is a pandemic that has yielded wide ranging economic turmoil and volatility across financial markets in 2020. The first cases of Covid-19 were reported in Wuhan, China in late 2019. Since then, the virus has expanded globally, infecting millions worldwide. The virus has been extremely controversial, namely in the United States, which became heavily politicized during the 2020 presidential election. The Covid-19 pandemic is completely unprecedented in modern ti Read this Term slowdowns.” [Fabricated Metal Products]
• “Demand continues to be strong. Backlog is still increasing — currently at about three months of production. Availability of purchased material continues to constrain production, causing the increased backlog.” [Electrical Equipment, Appliances & Components]
• “Business continues to be strong, with incoming sales higher but still combating labor and material issues like availability and inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term. Still determining impact of the Russian invasion of Ukraine.” [Furniture & Related Products]
• “The supply situation is getting worse, with lead times extending over 12 months, material not available, and suppliers not quoting or taking orders. Prices on the rise daily.” [Miscellaneous Manufacturing]
• “Supply chain is still unstable. While we have seen improvements, there are still a lot of issues that have yet to be resolved.” [Primary Metals]