Following two consecutive months in expansion territory, March fell back into contraction and below economists' estimates.

The U.S. ISM Manufacturing PMI fell to 49.0 in March from 50.3 in February, trailing the 49.5 consensus. The contraction last month (with index below 50) followed two straight months of expansion preceded by 26 consecutive months of contraction,

AM ET, the US ISM Manufacturing Purchasing Managers Index (PMI) for March 2025 is released. The release provides information on the economic health of the manufacturing sector, as