US manufacturing activity has expanded for the first time since 2022

Manufacturing activity in the United States unexpectedly expanded in March, marking the first time since September 2022 due to a significant rebound in production, stronger demand, and rising investment costs. According to data released on Monday, the US ISM manufacturing PMI rose 2.5 to 50.3 in March. Although only slightly above the 50 boom bust line, the index has stopped the trend of contraction for 16 consecutive months. The index for March exceeded all expectations of institutions for economist surveys. Purchasing and supply management executives in the United States have recently expressed optimism. Regarding the prospects of the manufacturing industry. The stable growth of orders reflects the elasticity of consumer demand and corporate investment, and indicates that companies have made progress in aligning inventory levels with sales.