Manufacturing leads another solid PMI report. April's flash composite is
54.8 with manufacturing at 56.5 for an 8 tenths increase from March
with services also posting a gain, up 3 tenths to 54.4.
New
orders are the highlight for April posting the best combined month in 2
years, with backlogs also at a 2-year best. In a sign of capacity
stress, delivery times increased sharply for manufacturers.
Tariffs
make their appearance in prices and are cited as a key factor behind
the sharpest price increase in input costs in nearly 5 years. Selling
prices also continue to move higher in what points to future pressure
for consumer prices.
The PMI results open the first month of the
second quarter on a strong note. Watch Friday for the first estimate of
first-quarter GDP.
Business Financing, Real Estate Financing, Micro-Business Loans, Personal Loans, Agriculture Financing, Land Loans, End Loans, Hard Money, Merchant Financing, Cash Flow Financing, Note Buyers. Commercial and Residential Construction Financing.
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