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--ISM Manufacturing PMI 52.8 April vs 55.3 March
By Shaily Mittal
LONDON (MNI) - Following last month's rebound, US Manufacturing PMI cooled
again in April against expectations of a flat reading. It was the biggest
monthly fall of the year so far, and the softest reading in 30 months.
Sluggishness in the manufacturing sector continued into Q2, following an
already depressed Q1 when PMI averaged 55.4, its weakest reading since Q4 2016.
The April slowdown was led by large declines in New Orders, Employment and
Production. The Supplier Deliveries component registered its first increase in
six months, albeit small.
Prices dipped again but remained at neutral levels following last month's
rebound. Inflation has seen a sharp slowdown since last year, with the prices
component down 36.9% on the year and decreasing nine times in the last 12
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