According to the most recent report from the Institute for Supply Management, economic activity in the manufacturing sector expanded in March, and the overall economy grew for the 94th consecutive month.

The March PMI came in at 57.2%, which marked a 0.5% decrease from February’s reading. Also falling during the month were the new orders and productions indices as well as inventories of raw materials. The new orders index was recorded at 64.5%, down 0.6% from February. The production index fell 5.3% from February to 57.6%. Inventories of raw materials dropped below the 50% mark, landing at 49%, marking a 2.5% decrease.

Meanwhile, the employment and prices indices both increased in March. The employment index jumped 4.7% to 58.9%. The prices index crept over 70%, indicating higher raw material prices for the 13th-straight month.

Even though some of the indices suffered decreases, all 18 reporting industries still reported growth in March, according to Bradley J. Holcomb, chair of the ISM.