ISM Manufacturing for April Disappoints

Zacks

The ISM for Manufacturing Index came in lighter than expected at 50.7 in April confirming some of the not-so-great economic data of the last few weeks.

It still indicated expansion, however.

The ISM for Manufacturing Index has cooled off since January and February, when it hit a 12-month high of 54.2. But the index also had a similar decline last fall before rebounding.

Some of the sub indexes weren't that great. The Employment Index fell to 50.2% from 54.2% last month.

But, in a small sliver of good news, the New Orders Index actually moved higher to 52.3% from 51.4%.

This was the second month in a row that the ISM for Manufacturing weakened instead of strengthening. It's never good to see it slip back towards 50.

Is this just a normal soft patch?

Or is this a warning sign of rough times ahead this summer?

 

Zacks Investment Research



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