Inside Supply Management Magazine
April 2023 ISM® Report On Business®: Manufacturing
The U.S. manufacturing sector contracted in April, as the Manufacturing PMI® registered 47.1 percent, 0.8 percentage point higher than the reading of 46.3 percent recorded in March. This is the sixth month of contraction and continuation of a downward trend that began in June 2022. Of the five subindexes that directly factor into the Manufacturing PMI®, only one (Employment) is in growth territory. Of the six biggest manufacturing industries, two (Petroleum & Coal Products; and Transportation Equipment) registered growth in April....