Key quotes from the latest Manufacturing ISM Report On Business, which was released by Bradley J. Holcomb, Chair of the Institute for Supply Management (ISM) Manufacturing Business Survey Committee:
- The April PMI registered 54.8 percent, a decrease of 2.4 percentage points from the March reading of 57.2 percent
- The New Orders Index registered 57.5 percent, a decrease of 7 percentage points from the March reading of 64.5 percent
- The Production Index registered 58.6 percent, 1 percentage point higher than the March reading of 57.6 percent
- The Employment Index registered 52 percent, a decrease of 6.9 percentage points from the March reading of 58.9 percent.