March exports and imports continue growth, but slower

April 3, 2018 – According to the institute of Supply Management’s (ISM’s) survey results of US purchasing managers, both new export orders and imports slowed their mercurial growth in March.

Export - Import

The new export orders Index posted 58.7 percent in March, a decrease of 4.1 percentage points when compared to the 62.8 percent reported for February, indicating continue growth in new export orders for the 25th consecutive month. “All six big industry sectors continued to expand export activity during the period. Exports remained strong, with many survey respondents commenting on the currency advantage,” said ISM’s Timothy Fiore.

“We will be watching for any possible effects of the threats of tariffs on both exports and imports as we move through April,” said Fred Baehner, IBNewsmag publisher.

Imports registered 59.7 percent in March, according to the ISM report, a decrease of 0.8 percentage point when compared to the 60.5 percent reported for February, indicating that imports grew in March for the 14th consecutive month. “Imports continued to expand in order to support production demand, but at slightly slower expansion rates. Many comments reflected the negative impact of the Asian holiday period, concerns about tariffs and difficulties in moving containers from ports to using locations,” said Mr. Fiore.

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