The Manufacturing Purchasing Managers Index (PMI) rose to an eight-month high of 58.1 in March 2025, up from 56.3 in February.
A PMI above 50 indicates expansion, marking 45 consecutive months of growth.
The increase was driven by higher new orders, with the new orders index hitting an eight-month high of 61.5.
International orders slowed slightly, but overall demand remained strong.
Companies used more of their inventories, leading to the fastest drop in finished goods stocks in over three years.
Business expectations are optimistic, with around 30% expecting higher output in the coming year.
Sales and production grew robustly, supported by positive customer interest, strong demand, and effective marketing.
New export orders rose, but their growth slowed compared to the previous two months.
Capacity pressures increased mildly, leading to slower recruitment.
Input prices rose to a three-month high but stayed below the long-term average.
PMI is an indicative measure, with detailed data on the Index of Industrial Production (IIP) due later this month.
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