ECONODAY: April's 50.8 for the ISM manufacturing index may be moderately below expectations for 51.5 but details in the report are positive. New orders did slow by 2.5 points but the level at 55.8 still points to a very solid rate of growth. New export orders are also positive, unchanged at 52.5 which isn't very dramatically above breakeven 50 but is still very solid for this reading and the best since December 2014. Production did slow 9 tenths but at 54.2 is also more than respectable. Backlog orders are still rising, though just barely at 50.5, but this along with March's 51.0 are the best two months for this reading also since December 2014...
ISM PMI Manufacturing - April 2016
ECONODAY: April's 50.8 for the ISM manufacturing index may be moderately below expectations for 51.5 but details in the report are positive. New orders did slow by 2.5 points but the level at 55.8 still points to a very solid rate of growth. New export orders are also positive, unchanged at 52.5 which isn't very dramatically above breakeven 50 but is still very solid for this reading and the best since December 2014. Production did slow 9 tenths but at 54.2 is also more than respectable. Backlog orders are still rising, though just barely at 50.5, but this along with March's 51.0 are the best two months for this reading also since December 2014...