Financial News: U.S. Manufacturing Index Dips Slightly Further Into Contra

U.S. Manufacturing Index Dips Slightly Further Into Contraction Territory In April

05/01/2025 - 10:21:00 (RTTNews)

(RTTNews) - The Institute for Supply Management released a report on Thursday showing a slight decrease by its reading on U.S. manufacturing activity in the month of April.

The ISM said its manufacturing PMI edged down to 48.7 in April after slipping to 49.0 in March, with a reading below 50 indicating contraction. Economists had expected the index to dip to 48.0.

The modest decline by the headline index came as the production index dropped further into contraction territory, slumping to 44.0 in April from 48.3 in March.

Meanwhile, the new orders index climbed to 47.2 in April from 45.2 in March and the employment index rose to 46.5 in April from 44.7 in March. The readings below 50 still indicate contraction.

The report said the prices index also crept up to 69.8 in April from 69.4 in March, indicating slightly faster growth by raw materials prices.

"Demand and production retreated and destaffing continued, as panelists' companies responded to an unknown economic environment," said Timothy R. Fiore, Chair of the ISM Manufacturing Business Survey Committee.

He added, "Prices growth accelerated slightly due to tariffs, causing new order placement backlogs, supplier delivery slowdowns and manufacturing inventory growth."

Next Monday, the ISM is scheduled to release a separate report on U.S. service sector activity in the month of April.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Leading Economic Index Slumps More Than Expected In April (41 min(s), 57 sec(s) ago)
(RTTNews) - The Conference Board released a report on Monday showing its reading on leading U.S. e ...Full Story»

Eurozone Growth Outlook Downgraded; Disinflation To Proceed More Swiftly: EU (01 hr(s), 49 min(s), 57 sec(s) ago)
(RTTNews) - Eurozone economic growth outlook was downgraded substantially for 2025 due to the impa ...Full Story»

Malta HICP Inflation Rises To 2.6% (02 hr(s), 24 min(s), 57 sec(s) ago)
(RTTNews) - Malta's EU measure of inflation accelerated further in April to the highest level ...Full Story»

Eurozone Inflation Steady At 2.2% (05 hr(s), 14 min(s), 57 sec(s) ago)
(RTTNews) - Eurozone consumer prices logged a steady growth in April, final data from Eurostat sho ...Full Story»

Spain Trade Gap Widens In March (05 hr(s), 44 min(s), 57 sec(s) ago)
(RTTNews) - Spain's foreign trade deficit increased notably in March from a year ago, as impor ...Full Story»

Slovakia HICP Inflation Eases To 3.9% (06 hr(s), 35 min(s), 57 sec(s) ago)
(RTTNews) - Slovakia's EU measure of inflation eased in April to the lowest level in four mont ...Full Story»

Austria Inflation Confirmed At 3.1% (07 hr(s), 06 min(s), 57 sec(s) ago)
(RTTNews) - Austria's consumer price inflation rose slightly as initially estimated in April, ...Full Story»

China Industrial Output Growth Tops Expectations; Retail Sales Disappoint (07 hr(s), 19 min(s), 57 sec(s) ago)
(RTTNews) - China's industrial production increased more than expected in April despite trade ...Full Story»