Prior was 49.1

Particulars:

Costs paid 52.5 vs 52.9 prior
Employment 45.9 vs 47.1 prior
New orders 49.2 vs 52.5 prior
Inventories 45.3 vs 46.2 prior
Manufacturing 48.4 vs 50.4 prior

It is a massive shock, particularly after a powerful S&P World report a couple of minutes in the past.

Feedback within the report are extra upbeat than the numbers:

“Currently seeing increasing sales in our business. Most delivery dates are in the second quarter of 2024.” [Chemical Products]
“The primary quarter will likely be slower as a result of some buyer order
adjustments, however we predict the remainder of 2024 to be sturdy. We might
improve our progress projections.” [Transportation Equipment]
“Typical first quarter quantity drops from fourth quarter excessive
volumes. Extra distribution has allowed us to keep up constant
manufacturing shifts.” [Food, Beverage & Tobacco Products]
“Customer softness continues in China, Japan and Europe.” [Computer & Electronic Products]
“Demand has lastly picked up, with buyer orders extra carefully
resembling typical January and February ranges. January was up 22
% in comparison with December; February up 26 % in comparison with
January.” [Machinery]
“Buyer orders are regular, neither up nor down in comparison with final
month. This regular state is what we budgeted and forecast. We’re
forecasting enterprise to extend 2 % to 4 % over the following
couple of months.” [Fabricated Metal Products]
“Enterprise outlook general is steady. Working via buyer
backlog with some uncooked materials lead instances bettering.” [Miscellaneous
Manufacturing]
“We mirrored on 2023 for perhaps a minute and turned the web page ahead
to 2024. Climate in January precipitated a number of operations to be idle, and
shipments have been affected.” [Nonmetallic Mineral Products]
“The month appears to be getting stronger with every passing day and
week. A number of market volatility —pricing flat to downward. It will likely be
fascinating to see how the final days of the month play out, as
indications appear to be in every single place.” [Primary Metals]
“We’re experiencing elevated gross sales, which is placing strain on
the plant and meeting to satisfy new buyer demand.” [Electrical
Equipment, Appliances & Components]