ISM Purchasing Managers' Index Declined to 60.7% in April
Tempe, AZ, May 3, 2021-The April Manufacturing Purchasing Managers’ Index (PMI) registered 60.7%, a decrease of four percentage points from the March reading of 64.7%. according to the Manufacturing ISM Report On Business.
This figure indicates expansion in the overall economy for the 11th month in a row after contraction in April 2020.
The New Orders Index registered 64.3%, declining 3.7 percentage points from the March reading of 68%.
The Production Index registered 62.5%, a decrease of 5.6 percentage points compared to the March reading of 68.1%.
The Backlog of Orders Index registered 68.2%, 0.7 percentage point higher compared to the March reading of 67.5%.
The Employment Index registered 55.1%, 4.5 percentage points lower than the March reading of 59.6%.
The Supplier Deliveries Index registered 75%, down 1.6 percentage points from the March figure of 76.6%.
The Inventories Index registered 46.5%, 4.3 percentage points lower than the March reading of 50.8%.
The Prices Index registered 89.6%, up 4 percentage points compared to the March reading of 85.6%.
The New Export Orders Index registered 54.9%, an increase of 0.4 percentage point compared to the March reading of 54.5%.
The Imports Index registered 52.2%, a 4.5-percentage point decrease from the March reading of 56.7%.
All 18 manufacturing industries reported growth in April, in the following order: electrical equipment, appliances & components; textile mills; furniture & related products; machinery; fabricated metal products; primary metals; miscellaneous manufacturing; chemical products; plastics & rubber products; food, beverage & tobacco products; computer & electronic products; nonmetallic mineral products; apparel, leather & allied products; transportation equipment; paper products; petroleum & coal products; printing & related support activities; and wood products.