Mixed Signals on Manufacturing Sector

By May 1, 2009Economy
  • Factory orders drop 0.9 percent in March“: “WASHINGTON (AP) — Orders to U.S. factories fell a larger-than-expected 0.9 percent in March, while factory shipments dropped for a record eighth consecutive month. The report was further evidence of the severity of the recession.”
  • U.S. ISM Manufacturing Index Rises More Than Forecast“: “May 1 (Bloomberg) — Manufacturing in the U.S. shrank in April at the slowest pace in seven months after a collapse in inventories caused orders and production to steady…The Institute for Supply Management’s factory index rose to 40.1 last month, higher than forecast, from 36.3 in March.”

The Institute for Supply Management’s report for April is available here.

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