Manufacturing Activity Rebounds to One-and- a-Half-Year High: 5 Picks
Applied Industrial Technologies(AIT) Zacks Investment Research·2024-04-03 13:46
The manufacturing sector is finally showing signs of recovery as new orders and production continue to increase. Manufacturing activity increased in March to its highest level in one-and-a-half years although raw material prices remained high and employment subdued.Manufacturing Sector Poised to GrowThe Institute for Supply Management’s (ISM) survey on Apr 1 suggests that the sector, which took a major hit owing to higher interest rates, is rebounding at a solid pace. The ISM said that its manufacturing PMI ...