The ISM manufacturing PMI unexpectedly fell from 57.1 to 55.4 in April, this missed the consensus of 57.6 and marked the lowest reading since September 2020
The decline was led by Employment's -5.4pp fall M/M, followed by Backlog Orders -4. The prices index eased to 84.6, a monthly slowdown of 2.5pp. Customer inventories and supplier deliveries supported the index, the former increased by 3pp
Comentarios