Mexican Media Brands
American Manufacturing Growth Slows
U.S. factory activity expanded in April at the slowest pace this year, according to the Tempe, Ariz.-based Institute for Supply Management.
#economics
Share
U.S. factory activity expanded in April at the slowest pace this year, according to the Tempe, Ariz.-based Institute for Supply Management.
The research group's index of factory activity slid to 50.7 last month from 51.3 in March. Any reading above 50 indicates expansion.
ISM says April's growth was inhibited by inventory drawdown and weak hiring. Increases in new orders and order backlogs signal that manufacturing growth could pick up in coming months, analysts say.
RELATED CONTENT
-
Achieving Efficiency?
A look at on-road fuel economy changes over 92 years.
-
Study: Border Tax, NAFTA Exit Would Hurt U.S.
The U.S. auto industry would lose at least 31,000 manufacturing jobs and 450,000 units of annual sales if the U.S. imposes 35% tariffs on cars from Mexico, as President-elect Donald Trump has vowed to do.
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.