ISM Manufacturing for April Disappoints - Real Time Insight

By
A A A
Share |

The ISM for Manufacturing Index came in lighter than expected at 50.7 in April confirming some of the not-so-great economic data of the last few weeks.

It still indicated expansion, however.

The ISM for Manufacturing Index has cooled off since January and February, when it hit a 12-month high of 54.2. But the index also had a similar decline last fall before rebounding.

Some of the sub indexes weren't that great. The Employment Index fell to 50.2% from 54.2% last month.

But, in a small sliver of good news, the New Orders Index actually moved higher to 52.3% from 51.4%.

This was the second month in a row that the ISM for Manufacturing weakened instead of strengthening. It's never good to see it slip back towards 50.

Is this just a normal soft patch?

Or is this a warning sign of rough times ahead this summer?



To read this article on Zacks.com click here.

Zacks Investment Research



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Stocks

Referenced Stocks:

Zacks.com

Zacks.com

More from Zacks.com:

Related Videos

Stocks

Referenced

Most Active by Volume

63,206,622
  • $4.15 ▲ 12.47%
30,446,572
  • $60.055 ▲ 1.89%
27,590,907
  • $4.50 ▲ 4.92%
23,152,535
  • $24.92 ▲ 4.22%
19,331,742
  • $16.0876 ▼ 0.39%
16,593,036
  • $23.5301 ▲ 1.38%
14,634,709
  • $86.59 ▲ 0.45%
13,208,273
  • $2.48 ▲ 1.22%
As of 4/21/2014, 12:05 PM