US Manufacturing Growth Lowest in 2-Years in April

The Institute for Supply Management index of national factory activity was 51.5 in April, matching the March reading, which had been the lowest since May 2013.
ISM | anna@tradingeconomics.com 5/1/2015 3:33:58 PM
While new orders rebounded, employment gauge shrank to its lowest level in more than five years. 

The employment index fell into contractionary territory for the first time since May 2013, declining to 48.3, the lowest reading since September 2009. In March, the employment sub-index came in at 50.0. 

The new orders index rose to 53.5 from 51.8 in March. The prices paid subindex rose to 40.5 from 39, returning above 40 after four straight months below that level.

Of the 18 manufacturing industries, 15 are reporting growth in April in the following order: Nonmetallic Mineral Products; Plastics & Rubber Products; Wood Products; Printing & Related Support Activities; Furniture & Related Products; Fabricated Metal Products; Food, Beverage & Tobacco Products; Paper Products; Miscellaneous Manufacturing; Machinery; Transportation Equipment; Textile Mills; Electrical Equipment, Appliances & Components; Chemical Products; and Primary Metals. The two industries reporting contraction in April are: Apparel, Leather & Allied Products; and Computer & Electronic Products.

US Manufacturing Growth Lowest in 2-Years in April