Ivey purchasing managers index for April 22.8 versus 26.0 last month

Ivey purchasing managers index
– prior month 26.0
– Ivey purchasing managers index for April came in at 22.8 versus 26.0 last month. This is a new record for the index
The index can be quite volatile but given the environment, clearly businesses are cautious and that leads to the sharp fall in the survey.