ISM: U.S. Manufacturing Activity Falls Back into Contraction Territory

May 3, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Manufacturing activity in the U.S. contracted in April, following the first month of expansion in March since September 2022, according to a survey report by the Institute for Supply Management (ISM). However, Timothy Fiore, chair of the ISM's Manufacturing Business Survey Committee, said although demand dipped month-over-month, it still "remains at the early stages of recovery, with continuing signs of improving conditions." Despite any negative sentiment, Industrial Info's project data for the U.S. Industrial Manufacturing Industry shows robust project activity.