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April manufacturing output declines but still showing overall growth, reports ISM

The report’s key metric, the PMI, had a reading of 55.4 (a reading of 50 or higher indicates growth), down 1.7% compared to March’s 57.1, while marking the 23rd consecutive month of growth, at a slower rate, as well as the 23rd consecutive month of overall economic growth.
Source: logistics Mgmt

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