The ISM Manufacturing PMI for April 2026 was 52.7%, according to the latest ISM Manufacturing Report on Business released on May 1, 2026.
This reading matches the March 2026 figure and marks the fourth consecutive month of expansion for the U.S. manufacturing sector. Any reading above 50% indicates growth, while a reading below 50% signals contraction.
Key Component Indices (April 2026)
The headline PMI is a composite of five sub-indices, three of which remained in expansion territory this month:
- Prices (84.6%): Jumped 6.3 percentage points to its highest level since April 2022. Respondents cited energy price spikes from the Middle East conflict and tariffs as primary drivers.
- Supplier Deliveries (60.6%): Increased from 58.9% in March, indicating increasingly slower delivery times due to supply chain bottlenecks and geopolitical tensions.
- New Orders (54.1%): Rose 0.6 points, showing solid demand despite mixed sentiment.
- Production (53.4%): Fell 1.7 points from March but still reflects a sixth straight month of growth.
- Employment (46.4%): Dropped 2.3 points to a four-month low, as companies continued to manage labor costs through attrition and hiring freezes.
Industry Performance
Thirteen manufacturing industries reported growth in April, including Textile Mills, Primary Metals, and Transportation Equipment. Conversely, three industries—Wood Products, Petroleum & Coal Products, and Food, Beverage & Tobacco Products—reported contraction.
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