Wall Street Journal (05/02/13) Sudeep Reddy
The Institute for Supply Management’s measure of U.S. manufacturing activity declined in April to 50.7, falling from 51.3 in March. A measure of 50 indicates economic expansion. New orders and production improved, although hiring stagnated.
Bradley Holcomb, chairman of the ISM’s manufacturing survey committee, says the sector is experiencing momentary softness, but the survey’s respondents anticipate a more robust second half of the year.