Keeping you up to date on the latest data releases.
- ISM Manufacturing
The ISM’s Manufacturing Purchasing Managers Index (PMI) continued improve in April, increasing 0.8 index point to 60.4 (its highest level since June 2004), following a 3.1 point jump in March. The overall gain in April was due to increases in the new orders, production, and employment sub-indexes. The new orders index jumped up from 61.5 to 65.7 in April, continuing its rebound from an all-time low of 22.9 in December 2008. The production index rose 5.8 points to 66.9 during the month, marking its eleventh month above the diffusion index growth threshold of 50. Also, the employment index surged to 58.5 its highest level since January 2005. Offsetting strong gains in the other components, inventories slipped from 55.3 to 49.4 and the supplier deliveries index fell from 64.9 to 61.3.