04-May-2026 09:15

US manufacturing continued to expand in April, marking the fourth consecutive month of growth, according to the latest ISM Manufacturing PMI report. The Manufacturing PMI stood at 52.7%, unchanged from March, signaling ongoing growth in the economy for the 18th month in a row. The New Orders Index rose to 54.1%, up from 53.5% in March, reflecting continued demand for products.

However, the Production Index dropped to 53.4%, down from 55.1% in March, indicating a slight slowdown in output. Prices remained high, with the Prices Index jumping 6.3 percentage points to 84.6%, its highest level since April 2022. The Backlog of Orders Index fell to 51.4%, and the Employment Index dropped to 46.4%, signaling slower job growth.

Supplier delivery times continued to slow, rising to 60.6%, the highest in five months, as demand outpaced supply. Inventories increased slightly, up to 49%, but still below growth territory. New Export Orders dropped to 47.9%, indicating contraction for the second month in a row, while Imports fell to 50.3%, reflecting weaker demand for overseas goods. Despite these mixed results, overall economic expansion remains intact.

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