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Posted May 1, 2018

Manufacturing activity slowed in April

Manufacturing activity slowed in April as the Institute for Supply Management purchasing index registered 57.3 percent, a decrease of 2 percentage points from the March reading of 59.3 percent.


The New Orders Index registered 61.2 percent, a decrease of 0.7 percentage point from the March reading of 61.9 percent.

The Prices Index registered 79.3 percent in April, a 1.2 percentage point increase from the March reading of 78.1 percent, indicating higher raw materials prices for the 26th consecutive month

A reading above 50 percent indicates that the manufacturing economy is generally expanding; below 50 percent indicates that it is generally contracting.

"Demand remains robust, but the nation’s employment resources and supply chains continue to struggle,” said Timothy Fiore, chair of the ISM Manufacturing Business Survey Committee.

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