Keeping you up to date on the latest data releases.
- ISM Manufacturing
The ISM?’s Manufacturing Purchasing Managers Index (PMI) edged down slightly in April (slipping from an index value of 61.2 to 60.4) though stayed well above the diffusion index’s threshold for manufacturing sector growth of 50. Four out of the five components of the PMI decreases in April, led by declines in the production index (down 5.2 points to 63.8) and the supplier deliveries index (down 4.6 points to 60.2). Partially offsetting declines in other components, the inventories index rose from 47.4 in March to 53.6 in April (its highest level since November 2010). Also, the prices index, which is not seasonally adjusted and does not factor into the overall PMI, continued its recent climb, ticking up 0.5 point to 85.5 in April, though is still somewhat below its recent peak of 91.5 in June 2008.