The Modesto Bee
By Paul Wiseman, AP Economic Writer
May 2, 2016
WASHINGTON-U.S. manufacturing expanded in April for the second straight month, suggesting that factories are adapting to a strong dollar and economic weakness overseas, according to a private survey.
The Institute for Supply Management said Monday that its manufacturing index came in at 50.8 last month, down from March’s 51.8 reading but above the 50 threshold that signals growth. The March number had snapped a five-month losing streak for manufacturers.