Reuters
Manufacturing index unchanged in April: ISM

Thu May 1, 10:06 AM ET

NEW YORK (Reuters) - Factory activity contracted in April according to a report released on Thursday, although the level of retrenchment remained steady.

The Institute for Supply Management said its index of national factory activity was unchanged in April from March at 48.6.

Economists' median forecast was for a result of 48.0, according to a Reuters poll. The 86 responses to the survey ranged from 45.5 to 50.0.

(Reporting by Burton Frierson; Editing by James Dalgleish)

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