- Prices paid, the inflationary component, jumped to 70.1 from 65.6 in February.
- Supplier Deliveries only rose 0.1% to 57.8 in March from 57.7 in February.
- The employment index tanked down to 56.3 in March from 64.2 in February.
- Even new orders tanked down to 63.3 in March from 69.2 in February.
This is often viewed as the prelude to the ISM data because it is the reading from America’s Heartland. The correlation is not always there, but this news this morning is far worse than just being short on the headline number.
JON C. OGG