Economic activity in the manufacturing sector expanded in March for the second consecutive month, while the overall economy grew for the 65th consecutive month, say the nation's supply executives in the latest Manufacturing Institute for Supply Management Report On Business& reg; .   ; Manufacturing improved slightly in March as the PMI reflected growth for the second consecutive month. The New Orders and Production Indexes advanced while the Employment and Inventories Indexes declined. A positive for March is the Customers' Inventories Index (falling below 50% after five consecutive months above the breakeven line), which is a possible indication that manufacturers' inventories are nearing satisfactory levels. On the negative side, prices appear to be surging for certain commodities in the face of slower growth.   ; The full report is available here.