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Purchasing managers' April index rose to 54.2%.

May 04, 1987

The economy continued its expansion in April, with the National Association of Purchasing Management's composite index rising to 54.2% from 53.9%. The purchasing organization said the economy's advance was apparent in all indicators in the index except inventories, which declined slightly. The composite index is a seasonally adjusted figure based on five components: new orders, production, vendor deliveries, inventories and employment.

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