MANUFACTURING PMI AT 60.7 IN APRIL

Key Points:

  • The Manufacturing Purchasing Managers Index (PMI) captures business conditions in the manufacturing sector.
  • Readings above 50 imply the economy is expanding while readings below 50 imply economic contraction.
  • Manufacturing PMI decreased to 60.7 in April from 64.7 in March.
  • The 2.03 loss exceeded the consensus among economists of a 0.3 gain.
  • This figure indicates expansion in the overall economy for the eleventh month in a row.
  • The Right Facts will continue to monitor manufacturing PMI.
Source