All key measures improved month-over-month, led by supplier deliveries, production and exports, while capital spending expectations post their first increase in several months.
April’s rebound underscores strong activity, though supply bottlenecks and pricing pressures challenge the outlook.
A jump to 57.0 marked a fifth straight month of expansion, with five of six components rising, backlogs and production leading the way.
A small dip in the Index masks a largely positive month for orders, output and suppliers.
The Precision Machining Index remained firmly in expansion at 57.4, but a mixed bag of component readings reveal changing market dynamics.
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