ISM Manufacturing index for April 52,7 vs 53.0 estimate

Prior month 52.7 manufacturing index 52.7 versus 53.0 estimate. Prices paid 84.6 versus 80.0 estimate and 78.3 last month. Employment index up 46.4 versus 49.0 estimate. Last month 48.7. New orders 54.1 versus 53.5 last month. Production 53.4 versus 55.1 last month. Supplier deliveries 60.6 versus 58.9 last month. Inventories 49.0 versus 47.1 last month. Backlog of orders 51.4 versus 54.4 last month New export orders 47.9 versus 49.9 last month Imports 50.3 versus 52.6 last month Highlights: The expansion above 50 was the 18th month in a row. New orders expanded for the 4th straight month which followed 4 straight month of contraction. Prices were disappointment with a 6.3% jump from March is reading. In the last 3 months price index has increased 25.6% to reach its highest level since April 2022. The employment index remains below the 50.0 level indicative of a contraction Backlog of orders registered fell by 3 percentage point but remains above the 50 level This article was written by Greg Michalowski at investinglive.com.