While exports and imports slowed their prolonged pace in April, the US manufacturing sector steams right along

May 1, 2018 – According to today’s survey from the Institute of Supply Management (ISM), new export orders registered 57.7 percent in April, a one percent decrease when compared to the 58.7 percent reported for March, indicating growth in new export orders for the 26th consecutive month.

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“Despite a rising dollar and declared tariff penalties, the US economy and its international trade continue to flex their muscles,” said Fred Baehner, IBNewsmag publisher.

ISM’s imports index registered 57.8 percent in April, a decrease of 1.9 percentage points when compared to the 59.7 percent reported for March, indicating that imports grew in April for the 15th consecutive month. “Imports continued to expand to support production demand, but at slower expansion rates,” said Timothy Fiore, Chair of the ISM Manufacturing Business Survey Committee.

Overall economic activity in the manufacturing sector expanded in April, and the overall economy grew for the 108th consecutive month, according to the ISM report.

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