US ISM manufacturing falls less than expected to 48.7, output drops, prices climb further

US ISM Manufacturing PMI edged lower from 49.0 to 48.7 in April, slightly better than expectations of 47.9, but still firmly in contraction territory. The report paints a mixed picture beneath the headline: new orders improved modestly from 45.2 to 47.2, signaling tentative stabilization in demand. But production dropped sharply from 48.3 to 44.0, marking […]

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