March ISM manufacturing index highlights
- Prior was 60.8
- Employment 57.3 vs 59.7 prior
- Prices paid 78.1 vs 72.5 expected (highest since 2011)
- Prior prices paid 74.2
- New orders 61.9 vs 64.2 prior
The big jump in prices paid is the story. That's a sudden sign of inflation and will get the attention of a few members of the FOMC.
