An index value above 50 shows expansion in the manufacturing sector, while a value under 50 signals contraction. The index has been over the growth threshold since August 2013.
Among the sub-indices that comprise the PMI, the new orders index “rose slightly” and was over the 50 threshold.
The production volume index rose and showed higher output for the sixth consecutive month, while purchased stocks were down in April after rising the previous three months.
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