US ISM Manufacturing PMI dropped from 57.1 to 55.4 in April, below expectation of 57.5. Looking at some details, new orders dropped from 53.8 to 53.5. Production dropped from 54.5 to 53.6. Employment dropped quite notably from 56.3 to 50.9. Supplier deliveries rose further from 65.4 to 67.2. Prices also dropped from 87.2 to 84.6. […]
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