Keeping you up to date on the latest data releases.
- ISM Manufacturing
The ISM report indicated growth in the manufacturing sector for the month of April, although at a slowing pace. The Purchasing Managers’ Index (PMI) decreased 0.6 percentage points to 50.7, this being its fifth consecutive month above the growth threshold of 50. April’s PMI of 50.7 was below both the 2012 average of 51.9, as well as the 2013:Q1 average of 52.9. Out of the five components that make up the PMI, all except for inventories were above 50. Inventories fell 3 percentage points to 46.5 from 49.5, new orders increased 0.9 percentage points to 52.3 from 51.4, and production increased 1.3 percentage points to 53.5 from 52.2. Supplier deliveries increased by 1.5 percentage points to 50.9 from 49.4, bringing it above the growth threshold. Employment saw a large decrease of 4 percentage points from 54.2 to 50.2 but still managed to stay above 50. Prices paid registered 50 percent, indicating that there was no change in prices from the previous month of March.