Economy
May 1, 2017
Manufacturing Sector Expands for 8th Month Says ISM
Written by Sandy Williams
The April 2017 ISM Report on Business showed economic activity in the manufacturing sector expanding for the eighth consecutive month. The PMI registered 54.8, dropping 2.4 points from March as new orders slowed. The PMI has averaged 56.4 since the beginning of the year.
New orders decreased 7 points to 57.5 percent. New export orders grew for the fourteenth month registering an index reading of 59.5. The import index was also up, gaining 2 points for a reading of 55.5 and the third consecutive month of growth.
