United States ISM Manufacturing Index Slumps For April 2020

May 04, 2020 02:04 PM AEST
Team Kalkine

As anticipated, the manufacturing activities took a hit across the United States for April 2020 with ISM Manufacturing Index melting to 41.5 from its March level of 49.1.

The New Orders Index registered a decline of 15.1 percentage points from its March reading to stand at 27.1 per cent in April.
However, the index performed better than the market expectation of 36.7.
All the important components – production, new orders and employment collapsed and remained consistent with a deeper contraction than during the financial crisis.

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