ISM: U.S. Manufacturing Activity Contracts Again But Shows Improvement

May 4, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Manufacturing activity in the U.S. contracted in April for the sixth straight month, according to the Institute for Supply Management (ISM). But the ISM's April Purchasing Manager's Index (PMI), which tracks 18 industry sectors in the U.S., improved when compared with March's reading. The survey report's respondents expressed mixed sentiments, but Industrial Info's project data for the U.S. Industrial Manufacturing Industry still shows robust project activity.

Industrial Info is tracking $25.7 billion worth of U.S. Industrial Manufacturing Industry projects that kicked off in April.