ISM Manufacturing index Increased to 43.1 in May

The ISM manufacturing index indicated contraction in May. The PMI was at 43.1% in May, up from 41.5% in April. The employment index was at 32.1%, up from 27.5% last month, and the new orders index was at 31.8%, up from 27.1%. From the Institute for Supply Management: May 2020 Manufacturing ISM® Report On Business® Economic activity in the manufacturing sector contracted in May , and the overall economy returned to expansion after one month of contraction, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®. The report was issued today by Timothy R. Fiore,......(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/3eBZbYX
via IFTTT