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US Manufacturing Activity Showed Continued Vigor in April, Monthly Index Indicates

May 1, 2018

U.S. manufacturing activity remained robust in April but the pace of growth slowed, according to the Institute for Supply Management’s monthly Manufacturing ISM Report on Business.

The April PMI registered 57.3%, the second consecutive monthly decrease and down two percentage points from the March reading of 59.3%. That said, February’s PMI, which came in at 60.8%, was the highest recorded in the past 12 months.

A reading above 50% indicates that the manufacturing industry generally is growing, while a reading below 50% indicates general contraction.

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