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US Manufacturing PMI Holds at 52.7, Misses Consensus Forecast
The United States reported an ISM Manufacturing PMI of 52.7 for April 2026, missing the consensus estimate of 53.0. The reading was unchanged from March’s 52.7, indicating steady manufacturing activity month-over-month. With the PMI above the 50 threshold for the second consecutive month, the sector remains in expansion territory after a prolonged period below 50. New orders continued to support the headline figure, reflecting ongoing demand strength. Compared to the 12-month rolling average of 53.17, April’s PMI is slightly lower, highlighting persistent challenges for a full manufacturing rebound. Investors now look to upcoming employment and inflation data, as well as Federal Reserve policy signals, for further direction. Updated 5/1/26
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