Summary
- The US April ISM manufacturing PMI came in at 52.7, slightly below the market forecast of 53.1.
- The PMI uses 50 as the dividing line. A reading above 50 indicates expansion, while a reading below 50 signals contraction.
- The Institute for Supply Management (ISM) calculates the PMI based on monthly surveys of 400 companies across 20 industries.
Forecast Trend Report by Period
US manufacturing activity expanded in April, though the pace fell slightly short of expectations.
The Institute for Supply Management said on May 1 that its manufacturing purchasing managers index came in at 52.7 for April, below the market forecast of 53.1.
The ISM calculates the PMI based on a monthly survey of 400 companies across 20 industries.
A reading above 50 indicates expansion, while a reading below 50 signals contraction.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
