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Factory activity in the US slowed in April for the second month in a row, due to the shortage of skilled workers and the expansion of production capacity. However, the increase in global demand continued to support manufacturing.
The ISM data, released on Tuesday, also showed that the cost of raw materials jumped as the Trump administration's tariff measures led to a rise in prices for steel and other raw materials.
ISM said the national factory activity index fell to 57.3 last month, 59.3 in March. The index is higher than 50, indicating the expansion of the manufacturing industry. Manufacturing accounts for about 12% of US economic activity.
The price index for the survey rose by 1.2 points to 79.3, the highest since April 2011. Prices rose in 17 sectors in 18 industrial sectors last month.
The rising cost of raw materials is the latest sign of the accumulation of inflationary pressures, and may be concerned by the Federal Reserve Board of the United States (FED/) officials at the two day meeting on Tuesday.
Data released on Monday showed that the annual inflation rate jumped in March. In addition, wages in the first quarter grew fastest in 11 years.
In April, the ISM manufacturing employment index fell. ISM said there were signs that labor and technology shortages were affecting production.
"Demand is still strong, but recruitment resources and supply chains are still in a difficult position," said Timothy Fiore, chairman of the ISM Manufacturing Industry Survey Committee.

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