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
Brent sell
Period: 17.07.2025 Expectation: 150 pips
OPEC's gloomy forecast drags Brent crude prices lower
Today at 08:53 AM 5
Period: 17.07.2025 Expectation: 26000 pips
Institutional investor demand could push ETHUSD to 3,000
Yesterday at 10:38 AM 34
Period: 16.07.2025 Expectation: 2000 pips
USDJPY prepares to retest 148 Level
Yesterday at 08:19 AM 38
Period: 16.07.2025 Expectation: 900 pips
NVIDIA shares rise amid global AI infrastructure investments
09 July 2025 66
Period: 15.07.2025 Expectation: 800 pips
Breaking downtrend could push USDCAD to 1.375
09 July 2025 44
Period: 14.07.2025 Expectation: 1600 pips
Upcoming “Crypto Week” to boost bitcoin prices
08 July 2025 109
Go to forecasts