Free Trial

MNI DATA IMPACT: US ISM Manufacturing Weakest in 30-Months

--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
months.
--MNI London Bureau; tel: +44 203-586-2224; email: shaily.mittal@mni-indicators.com
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
--MNI London Bureau; +44-203-865-3820; email: Ian.Stannard@marketnews.com
[TOPICS: MAUDR$,MAUDS$,M$U$$$]

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.