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US ISM Manufacturing PMI Rises to 52.7, Beats Consensus

The US ISM Manufacturing PMI for March 2026 registered at 52.7, surpassing the consensus estimate of 52.5. This marks an increase from February's reading of 52.4, reflecting a 0.3 point month-over-month gain. The index remains above the 50 threshold for the third consecutive month, indicating ongoing expansion in the manufacturing sector. Growth was primarily driven by stronger new orders and production components. Compared to the 12-month average, which has been below 50, the latest reading signals a notable shift toward manufacturing recovery amid broader economic stabilization. Markets are monitoring the Federal Reserve's policy stance and upcoming employment data for further signals on the sector's momentum. Updated 4/1/26