The seasonally adjusted S&P Global U.S. Manufacturing Purchasing Managers’ Index (PMI) for April was 50.2, marking no change from March. Manufacturers reported a decrease in output and production, with mild growth in new domestic orders due to tariffs.
The PMI index comprises five sub-indices tracking changes in new orders, output, employment, suppliers’ delivery times, and stocks of raw materials. A reading above 50 indicates growth, while below represents a contraction. See S&P Global