ISM Manufacturing Index Expands in April

The Institute for Supply Management said its index of national factory activity grew in April at its fastest pace in almost six years. The index expanded to 60.4 last month from 59.6 in March. Any reading above 50 shows expansion.

What respondents are saying….

  • “Finances continue to be tight, and we are decreasing safety stock levels to reduce inventory.” (Electrical Equipment, Appliances & Components)
  • “Business conditions continue to improve. Actual sales exceeded budget for the third straight month.” (Food, Beverage & Tobacco Products)
  • “Demand from automotive manufacturers has continued to improve month over month.” (Fabricated Metal Products)
  • “We are finally seeing a turnaround.” (Primary Metals)
  • “Upward price pressure still evident.” (Chemical Products)
APRIL 2010
IndexSeries
Index
April
Series
Index
March
Percentage
Point
Change
DirectionRate
of
Change
Trend*
(Months)
PMI60.459.6+0.8GrowingFaster9
New Orders65.761.5+4.2GrowingFaster10
Production66.961.1+5.8GrowingFaster11
Employment58.555.1+3.4GrowingFaster5
Supplier Deliveries61.364.9-3.6SlowingSlower11
Inventories49.455.3-5.9ContractingFrom Growing1
Customers’ Inventories33.039.0-6.0Too LowFaster13
Prices78.075.0+3.0IncreasingFaster10
Backlog of Orders57.558.0-0.5GrowingSlower4
Exports61.061.5-0.5GrowingSlower10
Imports58.057.0+1.0GrowingFaster8
OVERALL ECONOMYGrowingFaster12
Manufacturing SectorGrowingFaster9

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