Summary

• The Institute for Supply Management (ISM) manufacturing purchasing managers index (PMI) came in at 52.7 in April, unchanged from March and marking the fastest expansion for the index since August 2022.
• The latest reading was lower than the 53.1 forecast and is the index's fourth straight month in expansion territory.
• What sort of correlation does the ISM Manufacturing PMI have with recessions?

By Jennifer Nash

The Institute for Supply Management (ISM) manufacturing purchasing managers index (PMI) came in at 52.7 in April, unchanged from March and marking the fastest expansion for the index since August 2022. The latest reading was lower than

6.65K Followers