MARCH ISM REPORT BEATS EXPECTATIONS AT 53.4

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Photo: Flickr / electro8

ORIGINAL POST: It’s been a whirlwind 24 hours in the global economy, as most of the big economies have come out with their March PMI numbers.You can see a full roundup here.

That ends with today at 10:00 AM with the release of the ISM Manufacturing report. It’s a crucial gauge of this key sector, and will help clarify the momentum/direction of the US economy.

Analysts expect the number to come in at 53.0 vs. 52.4 last month.

We’ll have it here LIVE.

UPDATE:

The number is fine at 53.4.

The prices paid index came in nice at 61.0, dropping from 61.5, so in addition to a nice headline jump, there are signs of easing prices.

Here’s the full table of results. Note the really nice jump in employment.

chart

More to come…

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