Straws in the Wind: "ISM Index of U.S. Manufacturing Fell to 60.4 in April From 61.2" (and inflation comments)

From Bloomberg:

ISM Index of U.S. Manufacturing Fell to 60.4 in April From 61.2

Meanwhile, Economic Policy Journal extracts some industry thinking:
ISM reports the price inflation warnings from respondents:

•"Rapidly rising raw material costs putting extreme pressure on profits." (Food, Beverage & Tobacco Products)
•"Plastic resin product prices are climbing so fast that [suppliers] are attempting to increase prices on orders already accepted but not [yet] delivered." (Chemical Products)
•"Customers are rebuilding safety stock levels of inventory, and also trying to buy ahead of material price increases." (Plastics & Rubber Products)
•"Market continues to get stronger month over month. Recovery is faster than anticipated." (Transportation Equipment)
•"Pressure from offshore suppliers continues to mount with exchange rate increases and seasonal demand for capacity." (Miscellaneous Manufacturing)

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