Results of the April ISM manufacturing survey
- Prior was 57.2
- Prices paid 68.5 vs 67.7 expected
- Prior prices paid was 70.5
- Employment 52.0 vs 56.0 prior
- New orders 57.5 vs 64.5
It's a miss but it's really just taken some of the steam out of the election rally. Then again, that could be telling. There's a sense of disappointment setting into Trump trades and rather than the real economy catching up to the sentiment surveys, the surveys are falling back.