ISM Manufacturing PMI Mar: 52.7 vs 52 expected (above expectations)
Manufacturing improved to 52.7 in March from 52.4, beating the 52.0 consensus and marking the best reading since August 2022. Activity stayed in expansion, but supplier delays and tariff-related costs kept the inflation angle alive.
📊 Results
Actual Reading
Market Reaction
💡 Key Takeaway
The factory economy kept expanding, but the quality of the expansion mattered less than the renewed input-cost pressure under the surface.
📖 Why This Matters
April Fools manufacturing data — hopefully not a joke this time.
ISM Manufacturing PMI Mar actual vs expected
| Release date | Wednesday, April 1, 2026 at 10:00 ET |
|---|---|
| Event type | ISM |
| Actual | 52.7 |
| Expected | 52 |
| Prior | 52.4 |
| Expectation surprise | above expectations |
📚 Related calendar tools and guides
FAQ
What was the ISM Manufacturing PMI Mar result?
ISM Manufacturing PMI Mar came in at 52.7 versus 52 expected, above expectations.
How did markets react to ISM Manufacturing PMI Mar?
Modest support for cyclicals as the factory side stayed resilient.
🔗 Related Events
ISM Manufacturing PMI Feb
Expansion held — PMI 52.4 (vs 52.6 prior). Second straight month above 50 but only the third time in 40 months. Factory gate inflation surged on tariff costs.
ISM Services PMI Feb
Blowout — 56.1 (vs 53.8 prior), highest since July 2022. Beat every single estimate in Bloomberg's survey. Services economy on fire despite everything.
ISM Services PMI Mar
The services PMI eased to 54.0 in March from 56.1 and missed the 54.9 consensus. Services stayed in expansion, but growth cooled while price pressures kept creeping up and hiring softened.