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 == Developments in U.S Purchasing Managers Index(PMI) ==
-'''ISM'''
-April 5,2023. The ISM service PMI declined to 51.2 in March from 55.1 in February-It was expected to decline to 54.5. The index's measure of new orders received by services businesses dropped to 52.2 in March from 62.6 in February.Meanwhile, the index measure of prices paid by service industries for inputs declined to 59.5 from 65.6 in February.Its gauge of supplier deliveries fell to 45.8 from to 47.6 in February, indicating an improvement in supply. Its measure of employment dropped to 51.3 from 54.0 in February<ref>https://www.reuters.com/markets/us/us-service-sector-slows-march-inflation-cooling-ism-survey-2023-04-05/</ref>.
-March 3, 2023: ISM's measure of new orders and employment indicates that the economy continues to expand.The gauge for new orders rose from 60.4 in January to 62.6 in February while the measure for employment grew to 54.0 from 50.0 in January. Meanwhile, the gauge of prices paid for services dipped to  65.6 from 67.8 in January. ISM's non-manufacturing PMI dropped to 55.1 from 55.2 in January, still above the contraction territory and above the 54.5 estimate<ref>https://www.reuters.com/world/us/us-service-sector-steady-february-ism-survey-2023-03-03/#:~:text=The%20ISM%20survey's%20gauge%20of,responsive%20to%20interest%20rate%20increases.</ref>.
+== '''ISM''' ==
-March 1 2023: US manufacturing sector remained in contraction territory in February as ISM Manufacturing PMI was little changed at 47.7 versus 47.4 in January. Reuters economists were expecting the reading to be 48.0. New orders rose from 42.5 in the previous month to 47.0 in February. The survey indicated that inflation could remain elevated as prices index rose from 44.5 in January to 51.3 last month<ref>https://www.reuters.com/markets/us/us-manufacturing-sector-contracts-february-ism-2023-03-01/</ref>.
+=== April 2023 ===
+==== Manufacturing ====
+US factory activity contracted for a sixth-straight month in April, the longest such stretch since 2009.<ref>https://12ft.io/proxy?q=https%3A%2F%2Fwww.reuters.com%2Fmarkets%2Fus%2Fus-manufacturing-sector-contracts-sixth-straight-month-april-ism-2023-05-01%2F</ref>
+* ISM manufacturing PMI rose to 47.1 in April from 46.3 in March, above the 46.8 estimate.
+* ISM employment gauge rose to 50.2 from 46.9 in March. It's the first time in three months that this index moved above 50.
+* New Order Index rose to 45.7 from 44.3.
+* Price Paid Index rose to 53.2 from 49.2.
+* The ISM said 73% of manufacturing gross domestic product was contracting, up from 70% in March.
+* ISM also noted that fewer industries contracted sharply.
+=== March 2023 ===
+==== Services ====
+The ISM service PMI declined to 51.2 in March from 55.1 in February-It was expected to decline to 54.5. The index's measure of new orders received by services businesses dropped to 52.2 in March from 62.6 in February.Meanwhile, the index measure of prices paid by service industries for inputs declined to 59.5 from 65.6 in February.Its gauge of supplier deliveries fell to 45.8 from to 47.6 in February, indicating an improvement in supply. Its measure of employment dropped to 51.3 from 54.0 in February<ref>https://www.reuters.com/markets/us/us-service-sector-slows-march-inflation-cooling-ism-survey-2023-04-05/</ref>.
+=== February 2023 ===
+ISM's measure of new orders and employment indicates that the economy continues to expand.The gauge for new orders rose from 60.4 in January to 62.6 in February while the measure for employment grew to 54.0 from 50.0 in January. Meanwhile, the gauge of prices paid for services dipped to  65.6 from 67.8 in January. ISM's non-manufacturing PMI dropped to 55.1 from 55.2 in January, still above the contraction territory and above the 54.5 estimate<ref>https://www.reuters.com/world/us/us-service-sector-steady-february-ism-survey-2023-03-03/#:~:text=The%20ISM%20survey's%20gauge%20of,responsive%20to%20interest%20rate%20increases.</ref>.
+US manufacturing sector remained in contraction territory in February as ISM Manufacturing PMI was little changed at 47.7 versus 47.4 in January. Reuters economists were expecting the reading to be 48.0. New orders rose from 42.5 in the previous month to 47.0 in February. The survey indicated that inflation could remain elevated as prices index rose from 44.5 in January to 51.3 last month<ref>https://www.reuters.com/markets/us/us-manufacturing-sector-contracts-february-ism-2023-03-01/</ref>.
 '''S&P'''