U.S. Manufacturing Contracts Again in April, But Pace Slows

Reuters, May 1, 2023–Lucia Mutikani
U.S. manufacturing pulled off a three-year low in April as new orders improved slightly and employment rebounded, but activity remained depressed amid higher borrowing costs and tighter credit, which have raised the risk of a recession this year.
https://www.reuters.com/markets/us/us-manufacturing-sector-contracts-sixth-straight-month-april-ism-2023-05-01/