U.S. factories expand at slower pace in April

Monday May 01, 2017
Written by Paul Wiseman, The Associated Press
May 1, 2017 - American factories grew for the eighth straight month in April but at a slower pace than in March.

The Institute for Supply Management said Monday that its manufacturing index slipped to 54.8 from 57.2 in March and 57.7 in February. Anything above 50 signals that manufacturing is growing.

New orders and hiring grew more slowly in April, but production and export orders sped up.

American factories have bounced back after being hurt in early 2016 and late 2015 by cutbacks in the energy industry, a reaction to low oil prices, and a strong dollar, which makes U.S. products costlier in foreign markets.

Add comment

Security code

Subscription Centre

New Subscription
Already a Subscriber
Customer Service
View Digital Magazine Renew


Digital Industry USA
September 10-12, 2019
EMO Hannover 2019
September 16-21, 2019
Weidmuller Open House
September 17, 2019

We are using cookies to give you the best experience on our website. By continuing to use the site, you agree to the use of cookies. To find out more, read our Privacy Policy.