Mumbai, May 4 -- US manufacturing continued to expand in April, marking the fourth consecutive month of growth, according to the latest ISM Manufacturing PMI report. The Manufacturing PMI stood at 52.7%, unchanged from March, signaling ongoing growth in the economy for the 18th month in a row. The New Orders Index rose to 54.1%, up from 53.5% in March, reflecting continued demand for products.
However, the Production Index dropped to 53.4%, down from 55.1% in March, indicating a slight slowdown in output. Prices remained high, with the Prices Index jumping 6.3 percentage points to 84.6%, its highest level since April 2022. The Backlog of Orders Index fell to 51.4%, and the Employment Index dropped to 46.4%, signaling slower job growth.
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