PMI climbs to 58.9 in April
A PMI over 50 signals expansion in the manufacturing sector.
Among the PMI sub-indices, the new orders index climbed from the previous month and remained over 50.
The production volume index also rose and stayed over the 50-point mark.
The employment index increased, and showed growth.
Delivery times were longer than in March.
The gauge of purchased inventories rose at a slower pace and was over the 50-point mark.