Manufacturing momentum fades but export orders step up

By Investor's Business Daily

May 02, 2016

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The Institute for Supply Management manufacturing index eased to 50.8 in April from 51.8 in March, but it remained positive for a second straight month.

Employment was still negative, but in good news for U.S. manufacturing and corporate earnings, the dollar continues to lose ground. Also on an encouraging note, the export orders index picked up to 52.5 from 52.0, marking its best reading since November 2014.

Read the full story on investors.com.

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