BREAKING: Weak ISM manufacturing index data!

The ISM manufacturing index comes in at 55.4 points with an expectation of 57.6 points and the previous level of 57.1 points. As per the report inflation is out of control and hence freight and fuel prices. A huge drop in employment was observed. Manufacturing PMI for April (final). Current: 59.2; First reading: 59.7

Slight decline in new orders. Decline in manufacturing sub-index, decline in price sub-index, large decline in employment sub-index. Source: ISM

Employment falls to lowest level since August 2021. Source: ISM via ZeroHedge

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