The Institute for Trend Research is projecting continued economic growth throughout 2012, supported in part by a rise in the Purchasing Managers Index (PMI) in March.

The PMI monthly figure (yellow line) showed gains from its February mark of 52.4, to 53.4 in March. This signals the 32nd consecutive month of growth for the manufacturing sector. More than 80 percent of the manufacturing industries included in the survey reported growth during the month of March, suggesting a broad base of recovery.

The PMI 1/12 rate of change (green line) also climbed upward in March, showing positive signs for continued economic drive and industrial production. Altogether, these gains indicate positive trends for the U.S. economy for the remainder of 2012.

Source: Institute for Trend Research