ISM: U.S. Manufacturing Activity Falls Back into Contraction Territory

May 3, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Manufacturing activity in the U.S. contracted in April, following the first month of expansion in March since September 2022, according to a survey report by the Institute for Supply Management (ISM). However, Timothy Fiore, chair of the ISM's Manufacturing Business Survey Committee, said although demand dipped month-over-month, it still "remains at the early stages of recovery, with continuing signs of improving condition