The ISM Customers’ Inventories Index registered 33 percent in April, 6 percentage points lower than in March when the index registered 39 percent, and the 13th consecutive month the Customers’ Inventories Index has been below 50 percent. The index indicates that respondents believe their customers’ inventories are too low at this time.

There were no industry reports of customers’ inventories being too high during April. The 14 industries reporting customers’ inventories as too low during April — listed in order — are: Plastics & Rubber Products; Wood Products; Machinery; Transportation Equipment; Printing & Related Support Activities; Electrical Equipment, Appliances & Components; Nonmetallic Mineral Products; Miscellaneous Manufacturing; Primary Metals; Paper Products; Fabricated Metal Products; Chemical Products; Food, Beverage & Tobacco Products; and Computer & Electronic Products.