Prior was 51.7Manufacturing 49.9 vs 52.0 expectedPrior manufacturing reading 51.9Composite PMI 50.9 vs 52.1 priorApril saw an overall reduction in new orders for the first time in six monthsCompanies responded by scaling back employment for the first time in almost four yearsbusiness confidence fell to the lowest since last NovemberRates of inflation generally eased at the start of the second quarter, with both input costs and output prices rising less quickly at the composite levelHowever manufacturing input cost inflation hit a one-year highSome service providers suggested that elevated interest rates and high prices had restricted demand during the monthThat last line is a good sign that
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