The seasonally adjusted Milwaukee Report on Business dropped to 48.4 in April from 51.0 in March, the Institute for Supply Management-Milwaukee reported Tuesday.

New orders received fell to 42.7 from 50.3, production dropped to 48.1 from 53.2, employment decreased to 49.4 from 56.0, supplier deliveries dipped to 50.2 from 51.1, and backlog of orders increased to 46.3 from 41.3.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.