> Factory activity expanded in the U.S. in April as price pressures rose in the second month of the Iran war, according to a survey of manufacturing firms.
> The ISM’s purchasing managers’ index was 52.7 last month, in line with March. Readings above 50 indicate a sectoral expansion. Analysts polled by The Wall Street Journal were expecting a reading of 53.0.
> In the last three months, the prices index has increased 25.6 percentage points to reach 84.6, its highest level since April 2022.
> “Our business remains strong and stable, but there are a lot of concerns in the geopolitical arena. If the Iran conflict persists, the impact on market pricing and supply continuity could be extreme,” a respondent to the survey said.
DZello on
Factory activities going up, employment is down. We’re far from an economic boom and it’s probably mostly related to AI datacenters construction.
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Gift link. Excerpt:
> Factory activity expanded in the U.S. in April as price pressures rose in the second month of the Iran war, according to a survey of manufacturing firms.
> The ISM’s purchasing managers’ index was 52.7 last month, in line with March. Readings above 50 indicate a sectoral expansion. Analysts polled by The Wall Street Journal were expecting a reading of 53.0.
> In the last three months, the prices index has increased 25.6 percentage points to reach 84.6, its highest level since April 2022.
> “Our business remains strong and stable, but there are a lot of concerns in the geopolitical arena. If the Iran conflict persists, the impact on market pricing and supply continuity could be extreme,” a respondent to the survey said.
Factory activities going up, employment is down. We’re far from an economic boom and it’s probably mostly related to AI datacenters construction.
….Comment too short nonsense…..