US Manufacturing PMI Falls in March: S&P Global

2025-04-01 13:53 By Joana Ferreira 1 min. read

The S&P Global US Manufacturing PMI came in to 50.2 in March 2025, surpassing the preliminary estimate of 49.8 but falling short of February's final reading of 52.7.

While the latest figure signaled a slight improvement in operating conditions, it marked the weakest expansion of the year so far.

Production declined for the first time since December, following February’s sharpest output growth in nearly three years, largely driven by efforts to front-run tariffs.

Meanwhile, new orders saw modest gains, while employment remained stagnant after four consecutive months of growth.

On the pricing front, input cost inflation surged to its highest level since August 2022, and output price inflation accelerated to a 25-month high.

Finally, business confidence softened to its lowest level since December, as uncertainty over federal government policies weighed on the outlook.



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