The seasonally adjusted Milwaukee Report on Business decreased to 58.26 in April from 67.80 in March, the Institute for Supply Management-Milwaukee reported Monday.
Respondents pointed to issues arising from tariffs and price increases for the decline.
New orders received dropped to 45.54 from 65.88, production slid to 59.14 from 64.55, employment decreased to 76.78 from 78.19, supplier deliveries fell to 69.86 from 81.38, and backlog of orders slumped to 44.44 from 73.33.
Inventory levels slipped to 40.00 from 50.00, customers’ inventories grew to 33.33 from 30.00, prices rose to 95.00 from 88.24, exports slid to 50.00 from 63.64, and imports fell to 66.67 from 75.00.
The blue collar diffusion index rose to 62.4 from 58.4, while the white collar diffusion index grew to 62.4 from 51.1.
