⛓️‍💥BREAKING⛓️‍💥

S&P Global Manufacturing PMI flash came in at 52.4

Expectations: 51.3

The S&P Global Flash US Manufacturing PMI for March 2026 rose to 52.4, surpassing market expectations of 51.3. This reading marks a two-month high and indicates a stronger expansion in factory activity compared to February's 51.6.

Key Highlights from the Flash Report

Expansion Streak: Manufacturing activity improved for the eighth consecutive month, with the 52.4 reading sitting well above the 50.0 threshold that separates growth from contraction.

Demand Dynamics: The expansion was partly driven by a "softening of the tariff impact" on order books, leading to an upturn in both output and new orders.

Sector Divergence: While manufacturing showed resilience, the broader Flash US Composite PMI Output Index fell to an 11-month low of 51.4 due to a significant slowdown in the services sector (51.1).

Inflationary Pressures: Businesses reported a spike in prices and supply chain disruptions following the outbreak of conflict in the Middle East.

Business Outlook: Manufacturing optimism remained more upbeat than in services, buoyed by the perceived easing of trade-related headwinds.