U.S. Manufacturing PMI Slows in April

The manufacturing sector in the United States continued to expand but at a slower pace during April compared with the previous month, data showed on Monday.

The manufacturing purchasing managers’ index (PMI) declined to 60.7 last month from a record high of 64.7 in March, according to the Institute for Supply Management (ISM).

The employment index registered 55.1, down from 61.5 in March.

Meanwhile, the gauges of new orders decreased to 64.3 last month, down from 66.6 in the month before.

The prices paid index rose to 89.6 in April, compared with its level in March at 86.1.

On the other hand, the IHS Markit US Manufacturing PMI also fell to 60.5 from 60.6 in March.