Inside Supply Management Magazine

May/June 2023

April 2023 ISM® Report On Business®: Manufacturing

May 08, 2023

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. 


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