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PMI Falls To 53.3 Percent

Economic activity in the manufacturing sector grew in April for the 23rd consecutive month, while the overall economy grew for the 42nd 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 53.3 percent in April, a decrease of 1.9 percentage points when compared to 55.2 percent in March.

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