ISM manufacturing dropped to 41.5, lowest since 2009

<p>US ISM manufacturing index dropped to 41.5 in April, down from 49.1, but beat expectation of 36.7. That’s, nonetheless, the lowest reading since April 2009. Also, the 7.6 pts decline is the largest one-month fall since October 2008. Looking at some details, new orders dropped -15.1 to 27.1. Production dropped -20.2 to 27.5. Employment dropped […]</p>
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