April 2022 Manufacturing ISM Report On Business Shows Seventeen Industries Reported Growth in April

The Manufacturing ISM Report On Business is published monthly by the Institute for Supply Management (ISM), the largest supply management organization in the world, as well as one of the most respected.   Economic activity in the manufacturing sector grew in April, with the overall economy achieving a 23rd consecutive month of growth, say the nation’s supply executives in the latest Manufacturing ISM Report On Business.

Manufacturing grew in April, as the Manufacturing PMI registered 55.4 percent, 1.7 percentage points lower than the March reading of 57.1 percent. The 55.4-percent reading is the same as in August and September 2020 and the lowest since July 2020, when the composite index registered 53.9 percent.

ISM’s New Orders Index registered 53.5 percent in April, a decrease of 0.3 percentage point compared to the 53.8 percent reported in March. This indicates that new orders grew for the 23rd consecutive month.

The Production Index registered 53.6 percent in April, 0.9 percentage point lower than the March reading of 54.5 percent, indicating growth for the 23rd consecutive month.

ISM’s Employment Index registered 50.9 percent in April, 5.4 percentage points below the March reading of 56.3 percent. The index reported an eighth consecutive month of expansion.

The delivery performance of suppliers to manufacturing organizations was slower in April, as the Supplier Deliveries Index registered 67.2 percent, 1.8 percentage points higher than the 65.4 percent reported in March.

The Inventories Index registered 51.6 percent in April, 3.9 percentage points lower than the 55.5 percent reported for March, indicating manufacturing inventories expanded at a slower rate compared to March.

ISM’s Backlog of Orders Index registered 56 percent in April, a 4-percentage point decrease compared to the 60 percent reported in March, indicating order backlogs expanded for the 22nd straight month.

Seventeen manufacturing industries reported growth in April, in the following order: Apparel, Leather & Allied Products; Machinery; Plastics & Rubber Products; Nonmetallic Mineral Products; Computer & Electronic Products; Food, Beverage & Tobacco Products; Transportation Equipment; Printing & Related Support Activities; Electrical Equipment, Appliances & Components; Paper Products; Primary Metals; Furniture & Related Products; Chemical Products; Textile Mills; Fabricated Metal Products; Miscellaneous Manufacturing; and Wood Products. The only industry reporting a decrease in April compared to March is Petroleum & Coal Products.