ISM Manufacturing PMI: Expansion Continues In April
The ISM manufacturing PMI held steady at 52.7 in April, matching March's reading and indicating continued expansion in the sector. This marks the fastest pace of growth since August 2022. The stability in the index suggests sustained momentum in U.S. manufacturing activity.
- ▪The ISM manufacturing PMI was 52.7 in April, unchanged from March.
- ▪April's reading represents the quickest expansion in the index since August 2022.
- ▪A PMI above 50 indicates expansion in the manufacturing sector.
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