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    May 1, 2024

    ISM: Manufacturing sector contracted in April

    Written by Brett Linton

    US manufacturing activity contracted in April, according to the latest report from the Institute for Supply Management (ISM). The Index had briefly showed expansion in March, but has indicated a contracting manufacturing sector for 17 of the last 18 months.

    The ISM Manufacturing PMI fell to 49.2% in April, down 1.1 percentage points from March’s 18-month high. A reading above 50 indicates the manufacturing economy is growing, while a reading below 50 indicates contraction.

    Brett Linton

    Brett Linton is a digital operations analyst for Steel Market Update, where he began his career. Linton has been in the steel industry since 2010. He has held roles as a category manager and strategic insights director at Reibus before returning to SMU in 2024. He is a graduate of The University of North Georgia with a degree in Finance and Accounting. Brett can be reached at brett@steelmarketupdate.com or 724-314-0179.

    Read more from Brett Linton

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