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- Headline +2.0 vs -2.0 Consensus (-12.5 last month)
- Highest since September 2012
- Employment Index highest since April 2012
- Market Reaction: Bond markets continue to hold ground in moderately stronger territory.

Manufacturers responding to the March Business Outlook Survey reported slight increases in business activity this month. Indicators for general activity and new orders increased notably, following negative readings over the previous two months. Indicators for shipments and employment remained positive and improved slightly this month. Changes in the survey’s broad indicators of future activity were mixed but continued to reflect general optimism about growth over the next six months.

More from MND:

• Pipeline Press: Mel Watt Hearings; Current Origination Numbers; Foreclosure Process Slowdown Merely a Hiccup
• MBS Commentary: MBS MID-DAY: THIS IS WHY YOU WANT MBS LIVE!
• MND NewsWire: Substantial Decline in Foreclosure Inventory Noted in LPS Report
• MND NewsWire: Mortgage Applications Fall Sharply as Rates Rise
• MBS Commentary: The Day Ahead: Has All the Hype Been Remotely Justified?

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