U.S. manufacturers expanded at a slower pace in April, as measures of new orders, production and employment each slipped.
The Institute for Supply Management, an association of purchasing managers, says that its manufacturing index fell to 52.8 last month, down from 55.3 in March. Readings above 50 point in direction of an expansion in the production. The sector remains reporting growth for 32 months.
ISM's survey of companies for the index is a sign that economic progress will continue, although companies raised worries about delays at the border between the United States and Mexico and the tariffs that President Donald Trump imposed on Chinese imports.