Gosh, that's an outsized result for AIG's Performance of Manufacturing Index reflecting the lower level of our currency, in spite of the recently resurgent dollar.
The last quarterly detailed employment data which I looked at here suggested a recent bounce in manufacturing employment after many years of structural decline.
Given that a reading of over 50 denotes expansion the March result of 58.1 is certainly a big 'un, up by +4.6 points from February's already strong result.
The index has racked up nine months of consecutive expansion and not seen such a high reading since 12 years ago in 2004!
Nice news to see.
Full report from AIG here.