TEMPE, AZ — Economic activity in the American manufacturing sector expanded in April for the 33rd consecutive month, and the overall economy grew for the 35th consecutive month, say the nation's supply executives.
The PMI index registered 54.8%, up 1.4 percentage points from March. Indices for new orders, production and employment all increased as well, and at faster growth rates than in March.
The prices index for raw materials remained at 61% in April, the same rate as reported in March.
Transportation equipment, appliances & components, chemical products, and computer & electronic products were among the industries reporting growth.