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5/1/2012 10:30:00 AM Write a Letter to the Editor Write a letter to the Editor

ISM Manufacturing Index Improves in April

U.S. manufacturing activity accelerated in April, the Institute for Supply Management said Tuesday.

ISM’s monthly factory index rose to a reading of 54.8, from 53.4 in March, the group said in its monthly report. Figures over 50 indicate expansion.

The index reading topped economists’ projections of decline to a 53, Bloomberg reported.

The new orders, production and employment indexes all improved, and April marked the index’s 33rd straight month of expansion.

ISM’s factory index measures manufacturing components of the economy.

By Transport Topics

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