Supply struggles puts brakes on US manufacturing growth in April
Published by
AFP

Washington (AFP) – America’s manufacturing rebound from the Covid-19 downturn slowed in April as factories struggled to obtain supplies, but companies were increasingly optimistic about the future, according to an industry survey released Monday. The Institute for Supply Management (ISM) reported a surprise drop in its manufacturing index to 60.7 percent last month, four points lower than in March but still well above the 50-percent threshold indicating expansion. ISM survey chair Timothy Fiore attributed the decline to snarls in supply chains that left factories either waiting for or bereft o…

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