United States: ISM unchanged in April
May 1, 2015
In April, the ISM manufacturing index held at March’s 51.5%, the lowest reading in almost two years. The result slightly undershot market expectations of an increase to 52.0%. However, the index remains just above the 50.0% threshold that indicates expansion in the manufacturing sector.
New orders and production were the only two components that improved over the previous month in April. A deterioration in the other components that make up the index offset these gains. Employment, supplier deliveries and inventories all registered declines.
Author: Carl Kelly, Economist