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The Numbers

ISM Manufacturing: Growth and Margin Pressures Mounting

by Felix-Antoine Vezina-Poirier, Chief Strategist  

The April ISM Manufacturing adds to recession risks: Collapsing export orders and weak domestic momentum reinforce our defensive positioning. The index slipped to 48.7 from 49.0, with new orders still contracting and new export orders plunging to 43.1, a…

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