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
Index Series
Index
April
Series
Index
March
Percentage
Point
Change
Direction Rate
of
Change
Trend*
(Months)
PMI 60.4 59.6 +0.8 Growing Faster 9
New Orders 65.7 61.5 +4.2 Growing Faster 10
Production 66.9 61.1 +5.8 Growing Faster 11
Employment 58.5 55.1 +3.4 Growing Faster 5
Supplier Deliveries 61.3 64.9 -3.6 Slowing Slower 11
Inventories 49.4 55.3 -5.9 Contracting From Growing 1
Customers’ Inventories 33.0 39.0 -6.0 Too Low Faster 13
Prices 78.0 75.0 +3.0 Increasing Faster 10
Backlog of Orders 57.5 58.0 -0.5 Growing Slower 4
Exports 61.0 61.5 -0.5 Growing Slower 10
Imports 58.0 57.0 +1.0 Growing Faster 8
OVERALL ECONOMY Growing Faster 12
Manufacturing Sector Growing Faster 9

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