United States PMI

United States

Manufacturing increases, employment tallies largest gain

In April, the ISM manufacturing index rose to 54.9%, marking an improvement over the 53.7% recorded in March. The result overshot market expectations that the index would rise to 54.3%. Moreover, the index moved slightly higher above the 50.0% threshold that indicates expansion in the manufacturing sector.

Employment was the category that increased the most in April, jumping from March's nine-month low of 51.1% to 54.7%. Supplier deliveries and inventories also increased over the previous month. Production was down slightly, whereas new orders did not change.

FocusEconomics Consensus Forecast panelists expect that industrial output will increase 3.7% this year, which is down 0.2 percentage points from last month's forecast. For 2015, panelists see industrial production accelerating to a 4.1% expansion.

Author:, Economist

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United States PMI Chart

USA PMI April 2014

Note: Composite index in the Manufacturing Report on Business (PMI). Readings above 50% indicate an expansion in the manufacturing sector while readings below 50% point to a contraction.
Source: Institute for Supply Management (ISM).

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