The ISM barometer of American factories fell 1.7 points to 55.4% in April and showed the industrial side of the economy grew at the slowest clip in 18...
The numbers: The ISM barometer of American factories fell 1.7 points to 55.4% in April and showed the industrial side of the economy grew at the slowest clip in 18 months, reflecting broad supply and labor shortages and intense inflationary pressures.
The report, compiled by the Institute for Supply Management, is seen as a mirror of the health of the U.S. economy. Any number above 50% signifies growth. Big picture: Manufacturers still have plenty of demand for new cars, appliances, metal parts and other industrial goods.
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