Economic activity in the U.S. manufacturing sector continued to expand in the month of April, according to a report released by the Institute for Supply Management on Friday, although the index of activity in the sector unexpectedly held steady.
The ISM said its purchasing managers index came in at 51.5 in April, unchanged from the previous month. While a reading above 50 indicates continued growth in the manufacturing sector, economists had expected the index to edge up to 52.0.
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