If there is an American manufacturing renaissance, it certainly appears to have stalled in April.
From the just-released ADP report, a chart which shows that manufacturing actually lost jobs in the month!
And then also, if you aggregate the various regional manufacturing surveys (from the regional Fed banks) then this was one of the worst months in years.
Meanwhile, ISM Manufacturing comes out at 10 AM.
Real-time PMI composite – 3rd lowest reading since 2009. twitter.com/cullenroche/st…
— Cullen Roche (@cullenroche) May 1, 2013