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SIJ - Manufacturing Sector Survey Suggests Slower Expansion But Increased Price Pressures In March
ProShares UltraShort Industrials
The Institute for Supply Management’s Manufacturing Purchasing Managers’ Index fell to 57.1 in March, off 1.5 points from 58.6 percent in February (50 is neutral).
The survey results indicate that the manufacturing sector continues to expand but price pressures worsened.
The report also suggests labor shortages from quits and retirements remain a significant headwind though perhaps slightly less than last month.