Manufacturing PMI Expands in March After 16 Months: 5 Picks

U.S. manufacturing activities surprisingly rebounded in March, indicating yet another example of the solid fundamentals of the economy. The Institute of Supply Management (ISM) reported that its U.S. manufacturing index came in at 50.3%, beating the consensus estimate of 48.6%. The metric for February was 47.8%. Notably, any reading above 50% indicates expansion in manufacturing activities.The manufacturing sector is the second-largest component of the U.S. economy, constituting around 10-12% of the GDP. Du ...