PMI Rises To 62.4 Percent

Economic activity in the manufacturing sector grew in April for the 11th consecutive month, while the overall economy grew for the 30th consecutive month, according to the latest survey of purchasing managers by the Institute for Supply Management (ISM), Tempe, Ariz. ISM’s Purchasing Managers Index is 62.4 percent in April, a decrease of 0.1 percentage point when compared to 62.5 percent in March.

“The manufacturing sector continued to improve in April. While new orders contracted sli

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