• Skip to main content

    Market Data

    May 3, 2022

    ISM: US Manufacturing Expanded in April, But at a Slower Rate

    Written by David Schollaert

    The outlook among purchasing managers surveyed by the Institute for Supply Management remains positive, and US manufacturing continued to grow April – thought at a slower rate.

    Last month’s Manufacturing PMI edged down to a reading of 55.4% versus 57.1% in March. The index reading above 50% indicates growth in the manufacturing sector. April’s measure marks the 22nd consecutive month of expansion since following the COVID-19 outbreak in the spring of 2020, though it’s the slowest rate of gain since July 2020.

    David Schollaert

    David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

    Read more from David Schollaert

    Latest in Market Data