US EditionUS Manufacturing Sector Holds Steady in April; Input Costs Hit 4-Year High
Supplier deliveries slowed for a fifth month as the ISM prices-paid index jumped to 84.6, the highest since April 2022.
- On Friday, the Institute for Supply Management reported the U.S. manufacturing PMI held steady at 52.7% in April, marking a fourth straight month of expansion despite input costs surging to a four-year high.
- Conflict in the Middle East has effectively closed the Strait of Hormuz, forcing shipping delays and driving up prices for raw materials like aluminum and oil, while persistent U.S. tariffs further constrained factory inputs.
- Factory employment fell for a 15th straight month as firms prioritize attrition over hiring; ISM Manufacturing Business Survey Committee Chair Susan Spence noted 60 percent of companies are managing head counts rather than hiring.
- While the Federal Reserve weighs inflation data, an investment boom in AI-related industry helps anchor manufacturing, which accounts for 10.1% of the economy, though rising fuel costs pressure the 2% inflation target.
- Santander U.S. Capital Markets chief economist Stephen Stanley stated supply-side indicators replicate disruptions seen several years ago, as machinery producers report "general uncertainty" and many customers remain in a "wait-and-watch mode.
13 Articles
13 Articles
ISM PMI Holds as Production Slips, Prices Jump
U.S. manufacturing activity remained in expansion territory in April, growing at the same pace as the month before. The Institute for Supply Management’s monthly manufacturing Purchasing Manager’s Index — seen as a reliable barometer for the industrial sector — registered 52.7% in April, the same reading as March. The PMI had held in the high-40s for two years before surging 470 basis points in January, and it’s held near there since. Of the fiv…
Us manufacturing PMI hits 54.5 in April, strongest since 202
📝 US manufacturing PMI jumped to 54.5, highest since 2022. Inventory buildup and rising costs drove the surge in $BTC-related supply chains. 📈 Critical data: Export orders fell for the eleventh month, while input prices and wages climbed at their fastest pace in ten months. Continue...
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