Economy
May 1, 2014
Manufacturing Advanced Again in April
Written by Peter Wright
The Institute of Supply Management released their April report on May 1st. The April PMI registered 54.9 percent up from 53.7 percent in March. Any number >50 indicates expansion and this was the eleventh straight month for which this was the case. The three month moving average (3MMA), which had declined for the last three months, turned around and improved from 52.7 to 53.9 meaning that the expansion accelerated (Figure 1).
