07192018Thu
Last updateThu, 19 Jul 2018 4pm

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Manufacturing & The Economy

ISM: Manufacturing Grew for Eighth Straight Month

According to the April 2017 Manufacturing ISM Report on Business, manufacturing expanded in April as the PMI registered 54.8%, a decrease of 2.4% from the March reading of 57.2%, indicating growth in manufacturing for the eighth consecutive month.

“While the ISM’s April measures of new orders and factory employment cooled from a month earlier, the report showed overseas markets are doing better. The group’s index of export orders climbed in April to the highest level since November 2013. What’s more, a gauge of customer inventories dropped to the lowest level since July 2015, a sign bookings and production will remain strong,” Bloomberg reports

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