United States PMI

United States

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.

FocusEconomics Consensus Forecast panelists expect that industrial output will increase 4.1% this year, which is up 0.1 percentage points from last month’s forecast. For 2016, panelists see industrial production decelerating to a 3.5% expansion.

Author:, Economist

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United States PMI Chart

USA PMI April 2015

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.

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