Industrial activity in the United States unexpectedly slowed down in April. This was shown on Monday by figures from Institute for Supply Management.
ISM’s Purchasing Managers Index fell from 64.7 in March to 60.7 in April, while the market expected an increase to 65.0. Earlier this afternoon, Markit’s purchasing data showed an improvement between March and April, from 59.1 to 60.5.
An index position of more than 50 indicates growth, while a figure below 50 indicates contraction.