Manufacturing Activity Gauge Contracts Again In April: Commodity Costs Hit Producers
The U.S. manufacturing activity sentiment missed expectations in April. After a brief uptick in March, activity retraced back into contraction, according to the Institute for Supply Management (ISM). April ISM Manufacturing PMI Report: Key Highlights The ISM Manufacturing PMI declined from 50.3% to 49.2%, marking a decrease of 1.1 percentage points decline and missing expectations of 50%. Thus, April saw the manufacturing sector contract once again, following a single month of expansion, which h