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Manufacturing PMI® At 46.9%; May 2023 Manufacturing ISM® Report On Business® — Apparel, Leather & Allied Products And Textile Mills Reported Contraction

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Timothyr Fiore Manufacturing Business Survey Committee Petroleum Coal Products Institute For Supply Management Bureau Of Labor Statistics Census Bureau

Manufacturing falls again in April, reports ISM

The report’s key metric, the PMI, came at 47.1 (a reading of 50 or higher indicates growth), marking a slight 0.8% gain over March’s 46.3, while contracting, at a slower rate, for the sixth consecutive month. The past six months of contraction, through April, were preceded by a stretch of 29 consecutive months of growth. ISM also said that the overall economy contracted, at a slower rate, in April, for the sixth consecutive month, which was preceded by 30 consecutive months of growth.
Jeff Berman Tim Fiore Group News Editor Institute For Supply Management Manufacturing Business Survey Committee Petroleum Coal Products
Source: scmr.com

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