Manufacturing Expansion Increased in March

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The PMI-composite index gained 1 point to 53.4 indicating that manufacturing expansion is increasing in speed. It is still below the rate in January, though the index has been expanding (above 50) since July 2009. In addition, the employment index, which measures manufacturing employment, increased 2.9 points to  56.1.

–From the St. Louis Federal Reserve and the Institute for Supply Management

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