ISM Manufacturing PMI Apr 41.5 vs Mar.......>

US DATA: ISM Manufacturing PMI Apr 41.5 vs Mar 49.1 

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- US ISM NEW ORDERS INDEX 27.1 APR VS 42.2 MAR 

- US ISM EMPLOYMENT INDEX 27.5 APR VS 43.8 MAR 

- US ISM PRODUCTION INDEX 27.5 APR VS 47.7 MAR 

- US ISM SUPPLIER DELIVERY INDEX 76.0 APR VS 65.0 MAR 

- US ISM INVENTORIES INDEX 49.7 APR VS 46.9 MAR

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The ISM Mfg index plunged to 41.5 in April, the lowest level since Apr 2009. The

decline was driven by a sharp drop in Production (-20.2pt), Employment (-16.3pt)

and New Orders (-15.1) with Production slipping to a series low, while

Employment fell to the lowest since Jun 1949. Supplier Deliveries remained

elevated, rising to the highest since Apr 1974. Exports slumped by 11.3pt to

35.3, while imports edged up slightly to 42.7 in April. Prices eased again in

April, falling to a 51-month low of 35.3. Meanwhile, Inventories rose by 2.8pt

to 49.7 in April, while order backlogs dropped by 8.1pt to 37.8.