25 March | Dollar

Rising Material costs drag down US manufacturing in March

Rising Material costs drag down US manufacturing in March

US manufacturing output declined in March as material costs rose following new import tariffs imposed by the administration, Bloomberg reports.

The S&P Global US Manufacturing PMI fell by nearly 3 points in March to 49.8, retreating from its highest level since mid-2022. As the agency emphasizes, any reading below 50 signals contraction in the manufacturing sector.

The Services PMI climbed to a three-month high during the same period, buoyed by stronger business formation and normalized weather patterns across the US. However, Bloomberg reports growing unease among domestic suppliers amid new import tariffs and federal spending cuts.

March saw US manufacturing output contract, alongside the first sector-wide employment decline since October. Bloomberg reports order growth nearing stagnation, while businesses show diminishing urgency to front-run impending import tariff increases.

Elena Berseneva MarketCheese
Period: 19.09.2025 Expectation: 950 pips
GBPUSD is correcting after testing resistance
Yesterday at 10:29 AM 220
Gold buy
Period: 31.12.2025 Expectation: 2400 pips
Buying gold from $3,450 support
Yesterday at 09:29 AM 71
Period: 19.09.2025 Expectation: 1000 pips
AUDCAD poised for further gains after brief consolidation
Yesterday at 08:42 AM 220
Period: 31.10.2025 Expectation: 6000 pips
Selling SPX prior to seasonal correction
Yesterday at 08:27 AM 203
Brent sell
Period: 19.09.2025 Expectation: 188 pips
Supply glut puts pressure on Brent prices
Yesterday at 07:20 AM 226
Period: 18.09.2025 Expectation: 160 pips
Buying gas with $3.150 target amid completing correction
11 September 2025 332
Go to forecasts