ISM Manufacturing Index for MARCH 2026
The Institute for Supply Management® (ISM®) released their Manufacturing Purchasing Manager's Index (PMI®) for March, 2026:
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Predicted: 52.1%
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Previous month: 52.4%
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Every month, the ISM surveys purchasing and supply executives at hundreds of companies across the country who are involved in manufacturing in some form. The resulting index is watched closely by academics, economists and investors because manufacturing accounts for about 12% of U.S. Gross Domestic Product (GDP).
The PMI is a reliable barometer of U.S. manufacturing: A PMI above 50% implies that U.S. manufacturing expanded during the month specified, while a reading below 50% implies that the made-in-the-USA sector contracted.
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CHART: ISM Manufacturing IndexMarch 2026 Update
DATA: ISM Manufacturing Index12-Month History
March 2026 Update
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Predicted: 52.1%
- Actual: 52.7% (+0.3 point month-on-month change)
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Previous month: 52.4%
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Every month, the ISM surveys purchasing and supply executives at hundreds of companies across the country who are involved in manufacturing in some form. The resulting index is watched closely by academics, economists and investors because manufacturing accounts for about 12% of U.S. Gross Domestic Product (GDP).
The PMI is a reliable barometer of U.S. manufacturing: A PMI above 50% implies that U.S. manufacturing expanded during the month specified, while a reading below 50% implies that the made-in-the-USA sector contracted.
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From Today's Report:
"...Economic activity in the manufacturing sector expanded in March for the third consecutive month, say the nation’s supply executives in the latest ISM® Manufacturing PMI® Report..."
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The Following Is A Sampling Of Quotes
From A Diverse Pool Of U.S. Manufacturers:
From A Diverse Pool Of U.S. Manufacturers:
- “This is expected to be a transition year for the U.S. trucking market, with gradual stabilization driven by capacity tightening and replacement demand instead of growth. Demand should stay constrained by weak carrier profitability and high equipment costs but improve modestly late in the year.”
[Transportation Equipment]
- “Changes in the tariff structure are bringing cautious opportunities to offset significant costs for the balance of 2026. The actions in Iran, however, add a new wrinkle to energy costs throughout the world, including India. We continue to try and plan for the unpredictable and unexpected.”
[Transportation Equipment]
- “We’re seeing steady increases in activity, but geopolitical issues and the Iran war are already waning sentiment.”
[Fabricated Metal Products]
- “Customer orders have increased considerably as the construction market remains strong, resulting in higher production volume and increased forecasts to suppliers.”
[Machinery]
- “Current Middle East unrest is already starting to impact business operations by increasing lead times, costs, container delays and the like.”
[Food, Beverage + Tobacco Products]
- “Lots of relief from Supreme Court striking down (emergency) tariffs, particularly with organic cane sugar from Brazil.”
[Food, Beverage + Tobacco Products]
- “Geopolitical tensions related to the conflict in Iran are contributing to rising manufacturing supply costs, and ongoing tariff uncertainty is negatively impacting purchasing strategies and cost forecasts.”
[Chemical Products]
- “Ongoing geopolitical instability has emerged as a persistent factor influencing global trade dynamics. We anticipate strategic realignment of supply chains as organizations respond to energy market volatility and shifting trade policies. In light of these macroeconomic headwinds, we -- like most organizations -- are maintaining a cautious posture regarding investment commitments while continuing to monitor market conditions closely. Our purchasing strategy is being recalibrated to address supply chain vulnerabilities exposed by energy market volatility and evolving trade protectionism.”
[Chemical Products]
- “Metal commodity prices continue to put pressure on mechanical commodities. Memory price escalation is causing large cost increases that cannot be mitigated in other areas of the product cost.”
[Computer + Electronic Products]
- “The Middle East war has created domestic and global turmoil for the olefins and polyolefins business. Feedstocks and finished product pricing are accelerating dramatically as Middle Eastern and Asian producers suffer from shipping blockages. Global customers for packaging resins are scrambling to cover needs from North America and South America in the face of supply chain complications.”
[Plastics + Rubber Products]
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March 2026 Update
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Labels: FedPrimeRate, FedPrimeRate.com, hard_data, inflation, Iran, Iran_Invasion, ism, manufacturing, pmi, purchasing_managers_index, Stagflation, Supply_Chain, tariffs, Trump_Tariffs, war
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posted by Steve Brown | 4/02/2026 01:53:00 AM
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