The Made in America movement appears to be picking up momentum, according to Markit Economics’ latest U.S. Manufacturing Purchasing Mangers’ Index (PMI), but the apparel industry is not reaping the rewards.
Data published Friday found that a faster uptick in new business and sustained growth of employment figures, as well as a steadying of new export orders, corresponded to a quiet increase in U.S. manufacturing in March.
Markit said PMI inched up to 51.5, only slightly above February’s 51.3, but better than the earlier “flash” reading of 51.4. A reading above 50 indicates an overall increase in activity.
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