Economic data releases for March are starting to trickle in and so far, so good.
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Economic data releases for March should mark the beginning of a strong few months of economic data. IHS Global Manufacturing hit a 10-year high pace of growth. IHS U.S. Manufacturing showing it second-highest reading on record. Another measure of U.S. Manufacturing, the ISM, showed a 37-year high – when Ronald Reagan was President. Looking at jobs – and here too we are seeing an increase in pace of growth or hiring. 916,000 new jobs were added, and the unemployment fell to 6.0% in March.
For the week ahead we shift from manufacturing data to services data. As you know, our economic growth is much more dependent on services so let’s see how the data comes in. Important to the services side of the economy are people getting vaccinated and we expect this week to show a nice jump in number of Americans getting vaccinated.
For a more detailed market report head on over to our Insights page. Where there are some of the key economic data points to be released this week. Also, subscribe to our YouTube channel and check out some of our other social media pages.
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