Manufacturing output remains strong in April, reports ISM

In its monthly Manufacturing Report on Business, ISM said that the report’s key metric, the PMI, at 60.7 (a reading of 50 or higher indicates growth) was down 4% compared to March’s 64.7 reading, which marked the highest reading since November 1983’s 66. This marked the eleventh consecutive of PMI growth, coupled with April representing the eleventh consecutive month of growth for the overall economy.
Source: logistics Mgmt