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01 May
15:41

ISM: Manufacturing grows, slows in April

US manufacturing activity appears to have slowed but still expanded in April, Kallanish learns from the Institute for Supply Management. The institute’s purchasing manager’s index hit 52.8% in April, down 2.5 percentage points from March but in positive territory. Readings above 50% generally indicate growth. The new orders index posted a reading of 51.7%, down 5.7 percentage points from May, while the production index hit 52.3% down 3.5 percentag…
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